Russian banks to declare Polish transactions
PR dla Zagranicy
Roberto Galea
20.04.2015 12:50
The Federal Financial Monitoring Service (Rosfinmonitoring) has introduced a directive that all Russian banks need to report transactions with members of sanctioned countries, including Poland.
The Central Bank of Russia. Photo: cc/Wikimedia Commons
The directive covers 41 countries – the EU28, the US, Canada, Australia, Norway, Iran, Syria, Sudan, New Zealand, Argentina, Mexico, Switzerland, North Korea and Zimbabwe, according to Russian daily Izvestia.
“If they decided to implement this, they would be shooting themselves in the foot. The consequence would be the collapse of the Russian banking system,” head analyst at DF Xelion, Piotr Kuczyński, told the TVN broadcaster.
The official stance is that the Rosfinmonitoring directive will help fight crime.
“Rosfinmonitoring decided to introduce a new criterion for the control of unusual transactions related to money laundering and financing of terrorism,” said Izvestia, quoting a source close to Rosfinmonitoring. (rg)
Source: TVN BiŚ