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Central Bank of the Russian Federation

07/26/2021 | Press release | Distributed by Public on 07/27/2021 02:17

Pawnshop websites verification starts

This will help people distinguish legal financial institutions supervised by the Bank of Russia from illegal ones. Legal organisations are governed by legislation that protects the rights of financial consumers.

The Bank of Russia, together with Yandex, launched the verification project in 2017. The websites of microfinance organisations were the first to be marked, followed by insurance companies, banks, NPFs, and other financial market participants.