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Legislative amendments to improve anti-corruption measures

November 28, 2015

Vladimir Putin signed Federal Law On Amendments to Certain Legislative Acts of the Russian Federation to Improve Measures to Fight Corruption.

The Federal Law amends legislative acts of the Russian Federation with the goal of improving anti-corruption measures.

In particular, the Federal Law specifies a list of provisions prohibiting certain categories of individuals from opening or holding accounts (deposits), keeping cash or valuables at foreign banks located outside the Russian Federation, owning and/or using foreign financial instruments.

November 28, 2015