Russian President Vladimir Putin has signed a bill prohibiting banks from unreasonably blocking accounts or refusing customers to make transactions. The document was made public on the official Internet portal of legal information.
According to the law, credit organizations can refuse a client or block his account only if, during an audit in accordance with the rules of internal control, reasonable suspicions arose of a citizen’s criminal income or financing of terrorism. Then the decision on refusal to perform the action or blocking must be made by the head of the bank or his authorized representative.
Prior to the adoption of the relevant document, the bank’s refusal could be received, in particular, if the documents that confirmed the good faith of the client were not provided. The credit institution had the right not to explain the reason for the refusal to complete the operation or blocking the account.
Earlier today, Vladimir Putin signed a law under which Russia introduced fines for violating the procedure for issuing or replacing a simple electronic signature key. Fines can reach 300 thousand rubles.