Banks will have the right to block accounts if there is a partial match of data

Banks will receive a new basis for freezing the accounts of Russians. It is described in the draft law developed by Rosfinmonitoring, details are provided by Izvestia.

The changes will affect those accounts in which there is a partial match between the financial institution’s client data and information about the persons in respect of whom the funds should be frozen. If the similarity is confirmed, the accounts will be blocked for five business days.