When conducting simplified identification of clients, certain bank payment agents have been found to misuse individuals' personal data and open electronic wallets without their knowledge. These findings were disclosed by the regulator.
These payment methods are often utilized for high-risk transactions involving settlements with shadow businesses, including transfers to illegal online casinos and bookmakers. Such activities pose risks for both banks and individuals involved.
Payment agents can be either legal entities or individual entrepreneurs who conduct specific banking transactions under a contract with a credit institution. The regulator advises banks to exercise caution when selecting these institutions and to verify their adherence to anti-money laundering laws. Should a bank discover that a payment agent is acting unfairly, it is advised to terminate the contract unilaterally. The regulator emphasizes that the bank holds responsibility for ensuring the payment agent complies with client identification requirements.