Central bank sends bill dividing firms into groups by risk to Duma

MOSCOW, Nov 27 (PRIME) -- The Russian central bank has submitted a draft law dividing corporate clients of banks into groups by risk to the State Duma, parliament's lower chamber, according to a statement seen by PRIME Friday.

"A bill aimed at reduction of dubious transactions and loading on small and microbusiness has been submitted to the State Duma,” it said.

“The criteria for splitting companies and the self-employed into risk groups in accordance with their involvement in dubious transactions are to be defined by the Central Bank of Russia and the Federal Financial Monitoring Service and will be published on the official website of the Central Bank of Russia on the Internet."  

In accordance with the document, there are three risk groups: green, yellow and red. The yellow group is subject to suspension of transactions if experts find traits of possible fraud.  The red group forbids its members to open new accounts, carry out any transactions, use remote banking services and the rapid payment system.

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