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MIL OSI Translation. Region: Russia –

Source: Russia – Council of the Federation

The draft law is already under consideration of the State Duma, Deputy Chairman of the Federation Council.

“Thanks to the joint efforts of the Bank of Russia, law enforcement agencies, alert citizens are able to suppress the activities of the organisations having signs of “financial pyramids”. In 2019 they identified 237, which is 1.5 times more than in the previous year”, — told the Deputy Chairman of the Federation Council Nikolay Zhuravlev. Zhuravliniy Andreabocelli from the Executive body of state power of the Kostroma region

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However, the Senator noted, fraudsters evolyutsioniruet, they have to act creatively, professionally using Internet resources, luring citizens allegedly high incomes. “Unfortunately, the development of technology, increasing the number of Internet users bring not only positive effects for the economy, but in the opposite direction. Sites illegal financial institutions attract a large number of citizens. Site owners not registered as legal entities, their activities are actually not integrated in the legal field”.

Thanks to the joint efforts of the Bank of Russia, law enforcement agencies, alert citizens are able to suppress the activities of the organisations having signs of “financial pyramids”

According to Nikolay Zhuravlev, the main tool of combating illegal financial transactions on the Internet — block sites. “However, the current procedure has been delayed for months. It should be optimized, and this can be done by providing the Bank of Russia law in the identification of violators to promptly initiate the blocking of websites without waiting for court decisions that will allow to prevent financial fraud at the earliest stages, protecting the assets of citizens”.Today we know about dozens of online resources, which use fraudulent methods, however, the legislation does not allow to quickly set a ban on their activities in the Internet, — noted Vice-the speaker of Council of Federation. “The issue is changing the law, the relevant amendments are already under consideration in the State Duma”.Nikolay Zhuravlev reminded that the draft law on amendments to the Federal law “On information, information technologies and protection of information” and the Civil procedural code of the Russian Federation was drafted by senators under the leadership of Chairman of Federation Council Valentina Matvienko. Betweenconsenting Ivanandreevich from the Executive body of state power of St. Petersburg “At the present time the document was reviewed in the first reading. We look forward to its early adoption.”

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EDITOR’S NOTE: This article is a translation from Russian Language to English.

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