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    05/10/2025, 09:05

    Russia introduces restrictions on money transfers without opening a bank account.

    Starting from May 30, 2025, new regulations on money transfers without opening a bank account will come into effect in Russia. According to State Duma deputy Nikita Chaplin, these restrictions are aimed at combating money laundering and the financing of terrorism.

    The main change concerns the limit for simplified customer identification — it has been reduced to 100,000 rubles. To make a transfer within this limit, only the full name and identification document details are required. If the transfer exceeds this threshold, full identification will be necessary, including information about citizenship, date of birth, and place of residence (registration). Additionally, the balance limit for non-personalized electronic payment instruments has been increased from 60,000 to 100,000 rubles.

    According to Chaplin, the new measures will simplify transfers for citizens making small transactions, while providing stronger oversight for larger sums. Financial institutions will need to revise their internal procedures to comply with the new requirements.


     

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