The Central Bank of Russia plans to introduce new measures to strengthen control over “suspicious” transactions by updating Regulation 375-P. The Bank of Russia intends to establish oversight of digital ruble transactions, requiring banks to monitor such operations for potential links to money laundering and terrorist financing. The list of suspicious transactions will also include: […]

The Office of Financial Sanctions Implementation (OFSI) of HM Treasury has removed ROSBANK PJSC from the Consolidated List, meaning it is no longer subject to asset freeze or trust services sanctions. However, as of January 1, 2025, ROSBANK has merged with TBANK, which remains subject to asset freeze measures, trust services sanctions, and restrictions on […]

On March 20, 2025, the Supreme Court of the Russian Federation sent requests to the Constitutional Court of the Russian Federation on the cases «Gema-Invest», «Mir dorog» and «Anna Churilova» cases. In the «Gema-Invest» and «Mir dorog» cases, the Supreme Court is dealing with the issue of removing the seizure imposed as part of a […]

Citizens whose foreign currency account or deposit was opened before March 9, 2022, can withdraw funds up to the balance available as of 00:00 (MSK) on that date, but no more than $10,000 USD (or the equivalent in euros). This restriction applies regardless of the currency of the account or deposit, provided that they have […]

The cryptocurrency exchange Garantex plans to compensate clients for frozen assets amounting to 2.5 billion RUB, which were blocked due to the freezing of Tether wallets and actions taken by law enforcement agencies in the EU and the US. The exchange has confirmed its commitments and intends to implement a model similar to the financial […]

In accordance with the Federal Laws on JSCs and LLCs, companies are obliged to hold general meetings of shareholders/participants annually: – in the period from March 1 to June 30 – for JSCs (unless otherwise is stipulated by the charter of the company); – from March 1 to April 30 – for LLCs (unless otherwise […]

The OFSI General Licence INT/2024/5394840, issued on November 7, 2024, allows UK financial institutions to unblock payments received between January 1 and December 31, 2022, subject to the following conditions: Payment receipt period: The payment must have been first received by a UK financial institution between January 1 and December 31, 2022, inclusive. Payments received […]

By December 2025, the Federal Tax Service of Russia plans to implement an automatic system determining and calculating the tax residency status of individuals. The calculation of the days spent in Russian will be based on the information from the migration database. Please note that an individual shall be considered a Russian tax resident if […]

In the Ruling №305-ЭС24-22290 dated 21.02.2025 case № А40-113828/2023 the Supreme Court of RF confirmed possibility of prosecution the person controlling «abandoned» company (debtor), when outstanding obligations exist. The Supreme Court of RF described «abandoned» company, as company that fails to file tax declarations for long time (more than year) and has no transactions on […]