Bank DOM.RF has connected to the "Know Your Customer" platform. The centralized information service created on the basis of the Bank of Russia was launched on July 1, 2022, it will allow assessing the clients of credit institutions for involvement in questionable transactions and exchanging this data. This is stated in the message of the Bank DOM.RF.
The Central Bank's platform will contain information about 7 million legal entities and individual entrepreneurs. They will be divided into three groups according to the degree of risk of suspicious transactions — low, medium and high levels ("green", "yellow" and "red", respectively). The assessment will be carried out on the basis of the data of the regulator and the internal rules of control of credit institutions.
For clients of a high risk zone, a ban on carrying out almost all operations is established. Banks will also be able to terminate service contracts with them. The average risk group will include persons who can conduct real economic activity, but allow questionable transactions. Credit organizations will be able to refuse individual transactions to such companies, but full blocking will not be applied to them. All banking transactions will be conducted seamlessly between clients who belong to the low-risk group. Low-risk companies may face restrictions if they make settlements with dubious counterparties or do not comply with other anti-money laundering and terrorist financing requirements.
Entrepreneurs will be able to appeal their inclusion in a high-risk group to the Interdepartmental Commission at the Bank of Russia.
JSC "Bank DOM.RF" (until December 13, 2018, JSCB "Russian Capital") - provides financing for housing construction projects using escrow accounts in all subjects of the Russian Federation. The sole shareholder of JSC "Bank DOM.RF" is JSC "DOM.RF".
