Banking secrecy protects customer data — accounts, transactions, loans — but does not make it completely closed.
Government bodies have the right to request information: the Federal Tax Service checks income, courts block accounts for debts, and law enforcement agencies gain access as part of investigations. The Central Bank and Rosfinmonitoring monitor suspicious transactions to combat money laundering.
Financial organizations exchange data in cases of fraud, and credit bureaus create borrower histories. Employers and debt collectors do not have direct access, but they can obtain information indirectly.
The main principle is the balance between privacy and the interests of society. Banking secrecy prevents interference in personal life but allows the state to fight crime.
Separating accounts into salary and personal accounts is a simple way to increase confidentiality. Understanding these rules helps you manage your finances consciously.
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