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Tuesday, March 28, 2023

The State Duma in the first reading adopted a bill on the obligation of banks to return stolen funds from accounts

As part of the first reading, the State Duma passed a bill that requires banks to reimburse citizens for stolen funds within 30 days if the funds were transferred without the customer’s consent.

According to the draft law under consideration, the amount must be reimbursed by the operator within 30 days of receipt of the request from the client – a natural person, in the case of a cross-border transfer of funds – within 60 days, if he cannot prove that the client violated the rules for using electronic means of payment, as a result of which the operation was carried out without his voluntary consent.

The amount must be paid to the customer in full.

See also: A bill on a gradual increase in the age of conscription to 21 has been submitted to the State Duma.

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