Will Payoneer cards be affected by the new bill?

Question

Freelance

Rosfinmonitoring has prepared a number of significant amendments to the law "On counteracting the legalization (laundering), proceeds from crime and the financing of terrorism". In particular, the list of financial transactions subject to mandatory control by banks can be expanded.
The bill states that banks must notify the financial intelligence service within three days of operations to withdraw cash in Russia from cards issued by foreign issuers. You must provide the amount, date and place of this operation, as well as the card number.
In addition, bank employees will be required to request information from a foreign bank about the cardholder, and then transfer it to the financial intelligence, indicating the names of this credit institution without fail.
Rosifinmonitoring assures that this is not about all states, but only about those that are in the "zone of special attention." Their list will be formed separately.

Do you think payoneer cards will be affected by this law?)

Answer 1

No one can tell you for sure, but their cards fall under these requirements. I see no reason why exceptions should be made for them.
as well as the name of the owner, expiration date and CVV =)

Answer 2

Firstly, there are doubts that this law will generally work in terms of obtaining personal data of EU citizens for GDPR reasons. And in the light of the sanctions war, I think the EU countries will be on this list in the first place. Ie doubts that he, in principle, will work for its intended purpose.
Secondly, the question here is how happy Payoneer will share this data. But there are suggestions that it is quite joyful. Well, I wonder what sanctions will be imposed on financial institutions (foreign) that do not disclose information about the owners. kart.
On the other hand, what does it all matter in an age when ATMs have cameras fixing faces, and free software can easily recognize its owner from a photo of a face as one of hundreds of millions? There is even no need to send requests here, they can simply search for photos from an ATM using the database of visas and passports ..

Answer 3

I don't understand why the panic? If you don't launder anything, what's the fuss? Well, let them fight, it's a good thing.

Answer 4

of course
, google BEPS and CRS
Pioneers and they sting from above, so the song will flow until 2020, I already wrote about this somewhere

Answer 5

No, firstly, the pioneer is not in the jurisdiction, therefore the laws of the Russian Federation do not apply to him, and secondly, the pioneer is not a bank, therefore purely banking laws do not apply to him (with all the consequences).

Answer 6

You, as an honest taxpayer, are obliged to independently notify the tax authorities about the presence of an account in a foreign bank and the movement of funds through it. =)
- but I won't say
And you don't need to... sooner or later the data exchange will be established... it's not for you to spy on the house for a duck.