Nabiullina proposed introducing limits on cash deposits at ATMs

2024-02-14T07:50:15.257Z

Highlights: Central Bank of Russia proposes to introduce limits on cash deposits at ATMs. Head of the Russian regulator, Elvira Nabiullina, said banks often take out cash loans, and then transfer these funds at an ATM to a so-called safe account in another bank, i.e. scammers. She also named the fight against credit fraud as one of the regulator’s priorities this year. Earlier, the Bank of Russian announced the suppression of fraudulent thefts totaling 5.8 trillion rubles in 2023.

To combat fraudsters, the Central Bank of Russia proposes to introduce limits on cash deposits at ATMs using tokenized cards, said the head of the Russian regulator, Elvira Nabiullina.