The National Financial Market Council (NFMC) proposed raising the threshold for controlled banking operations. At the moment, the limit is 600 thousand rubles, but it is proposed to gradually increase it by more than twice.

The lower house of parliament has already promised to consider the initiative, but Rusfinmonitoring has spoken out about its inexpediency. At the same time, according to experts, the proposed changes will help both reduce the burden on credit institutions and reduce the number of erroneous blockings, reports Izvestia.

It is worth noting that the current limit was set almost 20 years ago and has not been adjusted since that time.

As a result, a large number of operations that do not correspond to the degree of public danger may be in the field of control, believes the NFMC.

A bill prepared by the council envisages a gradual increase in the threshold for controlled banking operations. Until the end of 2023, it has been proposed to set a limit of 1 million rubles, after which this figure will be increased to 1.5 million rubles.

Rusfinmonitoring has already spoken out against the proposed bill.

According to the department, at the moment, a large number of illegal transactions are being detected within the existing limit.