Russian Banks to Face Fees for Police Database Access

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Preview Russian Banks to Face Fees for Police Database Access

The Russian Ministry of Internal Affairs (MVD) has unveiled a new initiative designed to enhance its budget. The ministry has prepared a draft government resolution that seeks to transform what was previously free access for banks to its comprehensive police databases into a paid service. This draft document was published on the federal portal of normative legal acts on March 25, granting credit institutions until the autumn to make preparations for these impending new financial outlays.

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