Bukreev Consulting Blog

The Central Bank of Russia is launching a service on the "Know Your Client" platform

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Starting October 1, 2024, the Central Bank of Russia will launch a service on the "Know Your Client" platform, where businesses can request risk category information for individual entrepreneurs (IEs) or companies to facilitate payments. Businesses will be able to check information about themselves or their counterparties.

The Central Bank will classify all organizations into three risk categories: low, medium, and high. Previously, this information was available only to banks, but now all business entities can access it.
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