Monitoring of the Federal Legislation dated 6.12.2001

Decree of the President of the Russian Federation No. 1387 of December 3, 2001 on the Amendment to the Decree of the President of the Russian Federation No. 822 of August 4, 1997 on the Changing of the Nominal Value of the Russian Monetary Units and the Scale of Prices

The time limit for accepting and exchange by institutions of the Central Bank of the old type monetary units (available in circulation before the denomination) is extended till 2003.

Decision of the Government of the Russian Federation No. 830 of November 30, 2001 on the Commodity Nomenclature Used in Foreign Trade Activities and the Customs Tariff of the Russian Federation

Endorses the new Customs Tariff of the Russian Federation - consolidated rates of import customs duties.
The Decision is entered into force from January 1, 2002.

Order of the Ministry of Taxes and Revenues of the Russian Federation No. BG-3-03/360 of September 25, 2001 on the Amendments to the Order of the Ministry of Taxes and Revenues of Russia No. BG-3-03/66 of February 28, 2001

Registered in the Ministry of Justice of the Russian Federation on November 30, 2001. Reg. No. 3063.
Amends the form of the declaration for excise duty taxes (section "Correction of the Accrued Amount of Excise Duty Tax" of Form 1) and the Instruction for filling it out. The Order is issued pursuant to the entering into force of the Federal Law No. 33-FZ of March 24, 2001 on the amendments to the Federal Law on the entering into force of Part 2 of the Tax Code of the Russian Federation and amendments to some of the legislative acts of the Russian Federation on taxes. The changes pertain to the procedure of declaring of excise duty taxes for alcoholic products.

Regulation of the Central Bank of Russia No. 160-P of November 28, 2001 on the Procedure of Implementation of Control by the Bank of Russia over Execution by Credit Organizations of the Federal Law on the Countermeasures against Legalization (Laundering) of Incomes Obtained in a Criminal Way

Specifies the procedure of submission by credit organizations of reports pertaining to the registration, storage and submission of information on operations subject to obligatory control, as well as organization in credit organizations of internal control to prevent the legalization (laundering) of incomes obtained in a criminal way.
Explains the particulars of carrying out inspection checks and drawing up of their results. The checking inspectors - authorized representatives of the Central Bank - may carry out selective checks of the procedure of carrying out of individual bank operations and other deals, their registration.
Inspection checks include the study of internal documents of the credit organization and established counteraction procedures against legalization (laundering) of incomes obtained in a criminal way, including the registration, storage and submission to the authorized body of information on operations subject to obligatory control, analysis of violations revealed by the credit organization in the course of the checks of observation of the rules of internal control and internal control programs.
The Regulation is published in the Herald of the Bank of Russia on December 5, 2001, No. 74, and is entered into force from February 1, 2002.