Losses from Card Fraud in Russia Reached RUR1 Billion
Association of Regional Banks (Association “Russia”) counted up that the losses from card fraud in the Russian Federation totaled about RUR1 billion in 2008. In this connection Association “Russia” considers necessary to initiate criminal responsibility for producing or introduction of counterfeit cards.
According to Ministry of the Interior of Russia, the number of crimes connected to producing or distribution of counterfeit cards increased by 31% in 2008. Totally there were more than 6,000 such cases registered in Russia in 2008. However, the number of persons brought to trial reduced by 14.5%.
According to Visa Inc. and MasterCard Worldwide, the losses by cards in Russia exceeded RUR770 million in 2008 and increased by 206% compared with 2007.
Association “Russia” offers to separate crimes with payment documents and cards to different articles of special part of the Criminal Code of the Russian Federation. Particularly, representatives of Association considers necessary to initiate criminal responsibility for producing or introduction of counterfeit cards. Experts suppose that it will admit to realize criminal proceedings of activity of “factories” producing counterfeit cards. Currently when law enforcement authorities disclose such factory it’s necessary to prove that the cards are produced for sale. If counterfeit cards are produced for using inside the group, the article 187 of the Criminal Code of the Russian Federation isn’t imputed.