The Central Bank has simplified the rules of interaction with non-resident banks for financial organizations

AK&M 29 May 2023 11:16

The Ministry of Justice has registered an instruction from the Bank of Russia, according to which financial organizations will be able to conclude contracts with non-resident banks without legalizing foreign official documents confirming their status. This was reported by the press service of the Central Bank.

All other foreign clients — legal entities and foreign structures without the formation of a legal entity, financial organizations will require the legalization of documents confirming their status only if there are doubts about the reliability or accuracy of the submitted documents. Or if there are suspicions that the client enters into a contract to conduct operations for laundering illegal income or financing terrorism.