The Central Bank of Russia published monitoring results showing that suspicious transactions decreased by 12% year on year in the first half of 2025, with the decline mainly driven by a reduction in illegal cash-out activity in the banking sector. Illegal cash-out transactions fell by 19% to RUB 15.9 billion. Cash-out transactions using companies’ and individual entrepreneurs’ payment cards and individuals’ accounts dropped by more than 50% to RUB 1.7 billion and by 11% to RUB 14.2 billion, respectively. Suspicious transactions with signs of money withdrawal abroad were unchanged year on year at RUB 8.5 billion, described as the minimum level for the entire monitoring period. The Bank attributed the downward trend to the Know Your Customer Platform, which over three years has helped banks restrict transactions in more than 178,000 high-risk companies’ and individual entrepreneurs’ accounts; low-risk entities account for 97.3% of all business entities included in the platform. It also reported that its website service for checking companies’ risk levels, launched almost a year ago, has been used more than 500,000 times.
Central Bank of Russia 2025-09-30
Central Bank of Russia reports a 12% fall in suspicious transactions in 2025 H1 and links the decline to its KYC Platform
The Central Bank of Russia reported a 12% year-on-year decrease in suspicious transactions in the first half of 2025, primarily due to a 19% reduction in illegal cash-out activities. The Know Your Customer Platform has significantly contributed to this decline by restricting transactions in over 178,000 high-risk accounts, while the bank's risk-checking website has been utilized over 500,000 times.