Starting March 1, 2027, Russian banks will be required to block…
Starting March 1, 2027, Russian banks will be required to block financial transactions if malicious software is detected on a client's device, with the client's consent. Banks must update all existing contracts with individual clients by September 1, 2027, to include provisions for device security checks.
Consensus
- Banks will begin blocking financial transactions starting March 1, 2027.
- Transactions will be blocked if malicious software is detected on a client’s device.
- Banks must obtain client consent to check devices for malicious software.
- Clients must update their contracts with banks by September 1, 2027.
- The new rules are based on amendments to Article 27 of the 'On National Payment System' law.
- The law was approved by the State Duma, passed in the Federation Council, and signed by President Vladimir Putin on June 26, 2026.
Points of divergence
- Banks will be required to ensure their websites and mobile apps are equipped with certified information protection tools to detect malicious software and block financial operations. — vm
- Economist Vasiliy Koltašov predicts that the rule may affect VPNs and proxy services, and raises concerns about banks' ability to access information about such services, noting that they may only detect them during active use. — vm
- Koltašov warns that blocking transactions based on the presence of VPNs or similar services may cause client dissatisfaction. — vm
- Koltašov believes banks are unlikely to implement blanket blocking of transactions solely due to the presence of proxies or similar services. — vm
- The law will be enforced starting March 1, 2027. — tg_rian_ru
Coverage (2 sources)
- What will change in the field of money transfers from March 2027 — Вечерняя Москва
- From March 1, banks will start blocking transfers by a new criterion. — РИА Новости (Telegram)