Russia: Central Bank Issues Ordinance to Mitigate Threats when Implementing Biometric Identification
On August 6, 2018 the Central Bank of Russia (CBR) published an ordinance establishing a …
Russia To Legislate Compensation For Gambling Zone Closures
The Russian parliament is considering amendments that would compensate casino operators and other companies if …
Russia: Payment Cards Grow by 6.5 Percent
The Central Bank of Russia has published the official figures for the period to July …
Russia: Central Bank Approves National Standard to Enhance Security of Financial and Banking Operations
On August 11, 2017 the Central Bank of Russia approved National Standard of Russian Federation …
Russia: Central Bank Supports Initiative to Enhance Punishment for Cybercrime
Artem Sychev, deputy head of the Bank of Russia’s Chief Directorate of Information Security, gave …
Russia: Central Bank Warns Consumers about Risks Related to Crypto-Currency
On September 4, 2017 the Bank of Russia (CBR) issued a statement with regard to …
Russia: Trading Crypto-Currencies Could Qualify as Foreign Currency Exchange Transaction
The Russian Electronic Money Association has published an unofficial translation of the federal tax service …
Russia: Financial Monitoring Service Issues Methodological Recommendations on AML Beneficial Ownership
On December 12, 2017, the Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitoring) published …
Deutsche Bank Faces Record AML Fines for Control Failings
The Financial Conduct Authority (FCA) has fined Deutsche Bank AG £163,076,224 for failing to maintain …