“Traffic Light” is being switched terms // What changes in the operation of the Central Bank platform are businesses asking for?

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They want to make it easier for businesses to appeal against blocking under the anti-money laundering law, an instruction was given by Prime Minister Mikhail Mishustin, Vedomosti found out. We are talking about the so-called “Traffic Light” system, which was developed by the Central Bank. The regulator distributes all companies into three risk groups – “red”, “yellow” and “green”, depending on whether the business carries out suspicious transactions. Once in the “red” zone, an entrepreneur risks facing blocking of accounts and liquidation of the legal entity. At the same time, businesses are now complaining that the procedure for appealing such a decision is too long and complicated.

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