On October 1, 2024, the Bank of Russia will open a service that will provide an opportunity to find out, upon request, whether an individual entrepreneur (IP) or a legal entity belongs to the high-risk category on the “Know Your Client” (KTC) platform based on the likelihood of suspicious transactions.

Users will be able to check both their own risk level and the risk level of their counterparties, including potential and current partners. This will help to reduce the risks of interaction with unscrupulous organizations, the Central Committee notes.

If a company or an individual does not agree with the assignment of a high-risk “red zone” on the ZSK platform, they can apply to the Bank of Russia for a review of this decision. It should be taken into account that such an appeal is possible only for clients to whom the bank has not applied restrictive measures within the framework of anti-money laundering legislation. In cases where such measures have already been introduced, a company or an IP can apply to the Interdepartmental Commission at the Bank of Russia through the Internet reception desk.

The ZSK platform began to fully operate from the middle of 2022. Based on its analytical data and various criteria, the Bank of Russia divides bank clients (legal entities and private individuals) into three risk categories: low, medium and high. At the moment, 96.8% of clients belong to the low-risk group, 1.9% to the medium-risk group, and 1.3% to the high-risk group.

The information of the ZBK platform is of an auxiliary nature for banks, and they independently assess the reliability of their clients’ business from the point of view of the legislation on combating money laundering, the Central Bank notes.