Overview

• State Duma Financial Market Committee chair Anatoliy Aksakov said deputies aim to adopt the bill before December.
• The proposal sets two ceilings for individuals: no more than five cards at one bank and no more than 20 across all banks, replacing an earlier 10-card idea.
• The Bank of Russia supports the measure, describing it as a tool against schemes that route stolen funds through droppers.
• A planned public service would let customers see in which institutions and when their cards were issued.
• Authorities may monitor card counts via the Central Bank’s Know Your Client platform and a MinTsifry anti-fraud system, with possible Federal Tax Service data integration and transition rules still to be defined.