Prior to the adoption of the law controlling bodies were often unable to obtain from the banks the documents they needed
VLADIVOSTOK. February 21. VOSTOK-MEDIA - In Russia, by force of law on banking secrecy.
From February 18, by force of law "On amendments to some legislative acts of the Russian Federation in terms of regulating the exchange of documents and information between the foreign exchange control and currency control agents.
"Prior to the adoption of the law controlling bodies are often unable to obtain from banks the needed control documents. Banks can refuse, citing the need to preserve bank secrecy. This limits the ability to combat the economic and, in particular, currency crimes.
Coming into force of the law includes Rosfinnadzor, tax and customs authorities in the list of authorities who have been granted the right to receive from credit organizations of documents and information containing bank secrecy, - says the Deputy Chairman of the State Duma Committee on Financial Markets Liana Pepelyaev. - In principle, the law prohibits these bodies to disclose information received from banks to third parties.