The Central Bank of Russia published updated recommendations for entrepreneurs whose bank account transactions are restricted, aiming to help businesses understand the reasons for restrictions and resolve issues more quickly while reducing the risk of recurrence. The revised materials reflect recent legislative changes, including expanded guidance under anti-money laundering Law No. 115-FZ on how to appeal a high-risk level assigned solely by the Bank of Russia’s Know Your Customer platform. They also set out steps for businesses facing restrictions linked to cybersecurity Law No. 161-FZ, as well as tax or customs legislation. The recommendations include step-by-step instructions for different scenarios and template applications to the Interagency Commission under the Bank of Russia that considers AML-related appeals, and were developed with input from Rosfinmonitoring, the Federal Customs Service, business associations, and the banking community.
Central Bank of Russia 2025-10-23
Central Bank of Russia updates recommendations for entrepreneurs facing bank account transaction restrictions
The Central Bank of Russia issued updated recommendations for entrepreneurs with restricted bank account transactions, incorporating recent legislative changes. The guidance addresses anti-money laundering, cybersecurity, tax, and customs issues, providing step-by-step instructions and templates for appeals. Developed with input from Rosfinmonitoring and other stakeholders, the materials aim to expedite resolution and reduce recurrence risk.