Federal Financial Monitoring Service, in letter to the Government of the RF proposed amendments to the Civil code of RF, concerning the beneficial owners of the companies.
Regulator proposes to amend the Unified State Register of Legal Entities by the data of individuals, who directly or indirectly own more than 25% of the share capital of legal entity and to establish administrative liability for providing false information.
To identify the beneficial owners, Service requires to extend the provision of the Federal Law N 115 “On counteraction to legalization (laundering) of proceeds from crime and terrorist financing” to Trusts structures.