Russian banks will be required to indicate the TIN of clients when making transfers through the Faster Payments System

Update. Later, the press service of the National Payment Card System clarified to RIA Novosti that banks, not their clients, will have to indicate the TIN. “Banks will be required to exchange clients’ TINs through the NSPK infrastructure,” NSPK said. Due to new information, we have changed the news title.

Residents of Russia from July 1 will be required to indicate a taxpayer identification number (TIN) when making transfers through the Faster Payments System . This was stated by Nikita Yurkov, a representative of the National Payment Card System, who is responsible for the direction of the Faster Payments System.

From his presentation at the Antifraudum forum on April 9, it follows that the TIN will need to be filled out for transfers and payments between individuals and between legal entities and individuals.

This measure is being introduced to counteract scammers who use other people’s accounts.

Yurkov explained that the dropper can change his phone number, reissue a bank card, open a new bank account, reissue a passport, but the TIN is practically irreplaceable and difficult to change.

• TIN is a unique digital code that the tax service assigns to individuals and legal entities for tax accounting. For individuals, the TIN consists of 12 digits, for legal entities - of 10.