05.07.2022 18:55 / TASS
The State Duma adopted a law on tax support measures for citizens and businesses The State Duma adopted in the third, final reading a law on a set of measures for tax support of citizens and businesses in the face of sanctions pressure. The document was initiated by the government of the Russian Federation.
05.07.2022 18:51 / TASS
The State Duma adopted a law on the merger of the PFR and the FSS The State Duma at a plenary session on Tuesday adopted in the third reading a bill on the creation of a unified Pension and Social Insurance Fund (Social Fund of Russia), as well as a package of related initiatives, including amendments to the Tax and Budget Codes of the Russian Federation.
05.07.2022 18:41 / TASS
Duma passes IPO/SPO bill in second reading The State Duma adopted in the second reading a bill aimed at developing the institution of public placement of securities on the Russian financial market. The document, which amends the law "On combating the misuse of insider information and market manipulation," was initiated by a group of deputies and senators headed by Anatoly Aksakov, chairman of the State Duma committee on the financial market.
17.05.2022 16:18 / TASS
Central Bank to launch cybersecurity education course The Bank of Russia will launch an educational course on cybersecurity in the 2023-2024 academic year at the Higher School of Economics (NRU HSE), announced Head of the Central Bank of the Russian Federation Elvira Nabiullina, speaking at Junior Pay Tech Forum 2022.
19.04.2022 16:49 / The Bank of Russia
Russian issuers to close foreign depositary receipt programmes A ban on issuing and trading in foreign depositary receipts for Russian issuers’ shares will come into effect on 27 April 2022.
15.04.2022 16:36 / TASS
The Central Bank of Russia rolls out new support measures for the financial sector The Central Bank has prepared a new series of measures to support the Russian financial sector, the regulator said in a release. The CB allowed banks until the end of the year to postpone the formation of reserves for possible losses in respect of assets that have been blocked abroad.
Almost 2,700 illegal companies and financial pyramids identified by Bank of Russia in 2021
15.02.2022 19:13 / The Bank of Russia
Such dynamics can be explained by several factors. Scammers are actively exploring the online space, where it is much cheaper and easier to create new projects. At the same time, the Bank of Russia has improved the monitoring process, which helps it more effectively identify illegal online schemes.
More than half of financial pyramids operating on the Internet attracted clients’ funds in cryptocurrency or offered them investments in various non-existent cryptocurrency assets. The attackers took advantage of the financial and digital illiteracy of potential victims and advertised investments in projects that could not be implemented even technically.
The majority of identified illegal professional securities market participants — 812 out of 860 — offered the services of FX dealers. Many of them positioned themselves as foreign brokers, and almost all tried to ‘win’ customers online.
At the Bank of Russia’s initiative last year, access to more than three thousand sites of illegal financial market participants and financial pyramids was blocked or restricted.
‘We recommend people to stay alert, analyse and evaluate all financial offers, especially those related to investments. Investing always involves risk. Therefore, it is necessary to use the services of only true professionals licensed by the Bank of Russia. Registers of all legal market participants are posted on the Bank of Russia website. We also publish the so-called warning list — a list of companies that bear the signs of illegal activity or financial pyramids. Check all incoming offers at the slightest suspicion that scammers are contacting you! If you become aware of such schemes or you are a victim of them, be sure to report this to law enforcement agencies and the Bank of Russia. Such information will help expose attackers faster,’ says Valeriy Lyakh, Director of the Department for Countering Misconduct.