Legal Accountability Enacted for Dumpers: Putin Authorizes Penal Code Modification
Fresh Take:
Breaking: Modifications to Article 187 of the Russian Criminal Code deal with the Illicit Use of Payment Methods. As of now, if a fellow bloke hands over their personal bank card to a con artist in exchange for a fee to carry out shady dealings, they could be Looking at up to three years behind bars. Likewise, unauthorized money transfers upon someone else's request also attract a maximum sentence of three years.
However, those cunning "droppers" using others' cards and e-wallets see a harsher penalty – up to six years in the slammer with a fine of 300,000 to 1,000,000 rubles. Gaining a card as a non-bank customer to fund illicit activities or transferring it to swindlers lands you up to six years behind bars with a fine of 100,000 to 500,000 rubles.
A footnote indicates that a first-time offender who's a bank client might dodge criminal responsibility if they aid in the investigation and snitch on other criminals involved.
The legislation was drafted by the government on May 2nd and kicked off in the State Duma. The explanation note pointed at bombarding the "gray market" of cards used by "droppers" to wash illegally acquired dough. The State Duma approved the law on June 17th, and the Federation Council followed suite the next day.
To stay in the know, hit up our Telegram channel @expert_mag
Tags:
In the context of this article, the Russian legislation aimed at combating fraud includes harsh penalties for illicit activities in finance and business, such as illegal use of payment methods and fund transfers. A con artist using someone's bank card or e-wallet could face up to six years in prison and a hefty fine, while unauthorized transfers may result in up to three years behind bars.
