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Russia Extends Beneficial Ownership Requirements Under Anti-Money Laundering Law to Foreign legal Entities Operating in Russia

|Approved Changes|Russia
Russia

Russia has published Decree No. 127 of 7 February 2022 in the Official Gazette, which amends the rules regarding the submission of beneficial ownership information under the Federal Law on Combating Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism (anti-money laundering law). The rules established the procedures and terms for the submission of beneficial ownership information by legal entities at the request of Russian authorities as provided for under the anti-mon…

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