The Central Bank of the Russian Federation expressed concern about the issue of unjustified blocking of citizens' funds

The Central Bank of the Russian Federation has expressed concern about the issue of unjustified blocking of citizens' funds and will take appropriate measures. This was announced on September 12 by the head of the regulator, Elvira Nabiullina, following a meeting of the regulator's board of directors.

"About the blockage: it really bothers us. We have also seen a surge in complaints about unjustified blocking of citizens' funds," she said.

According to the head of the Central Bank, the regulator will take the necessary measures to ensure that the funds of bona fide people are not blocked. Nabiullina added that banks can block funds for three reasons: combating fraud, countering money laundering and violating tax laws.

Transferred by the nose: banks began to deprive Russians of access to their money for months

What causes accounts to be blocked and why their defrosting sometimes takes up to six months?

On August 26, the central Bank ordered Russian banks to notify customers of the reasons for blocking bank cards and suspending account transactions. It is noted that Russians do not always understand the reason for blocking cards and accounts due to insufficient explanation of these restrictions by financial organizations. The Central Bank also pointed out the need for banks to provide detailed information on the basis of federal law and in accordance with the norms of the decision on service restrictions.

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