Putin’s new anti-scam law targets phone fraud but raises cost concerns
Russian President Vladimir Putin signed a new anti-scam law on 1 April to shield citizens from phone and online fraud. The legislation introduces stricter call-labeling rules, a fraudster voice database, and bans on foreign messaging apps for official use. However, concerns have arisen over who will cover the costs of these changes.
The law takes effect on 1 September, requiring mandatory call labeling and giving users the right to opt out of promotional calls and texts. It also establishes a database of fraudsters’ voice samples and prohibits government agencies and banks from using foreign messaging services.
The new rules aim to reduce phone and online fraud by enforcing stricter call-labeling and messaging restrictions. Yet, without adjustments, the financial strain on businesses could lead to higher consumer costs. Further talks between regulators and industry players may determine how the burden is shared.
