Monitoring of the Federal Legislation dated 30.01.2007

Decision of the Government of the Russian Federation No. 9 of January 15, 2007 on the Procedure for Keeping Migration Records of Foreign Citizens and Stateless Persons in the Russian Federation

Endorses the rules of keeping of migration records of foreign citizens and stateless persons in the Russian Federation regulating the procedure of registration of the mentioned persons at the place of residence (removal from records), as well as the procedure of registration at the place of stay and removal from records.
      The Decision is entered not force from the date of its official publication.

Direction of the Central Bank of Russia No. 1783-U of December 27, 2006 on the Invalidation of Subitem 2.21 of Item 2 of Appendix 1 to the Direction of the Bank of Russia No. 1317-U of August 7, 2003 on the Procedure for the Authorised Banks to Establish Correspondent Relations with Non-Resident Banks Registered in the States and on the Territories Providing a Beneficial Tax Regime That Do Not Disclose and Provide Information on the Carried out Financial Operations (Off-Shore Zones)

The list of the states and territories housing off-shore zones now does not include the Republic of Panama earlier included in risk group 2 of off-shore zones. When establishing corresponded relations with non-resident banks registered in group 2 off-shore zones, one of the following conditions must be observed on the obligatory basis: the non-resident bank must have own resources (capital) in the amount of at least EUR 100 million equivalent and present reports and documents confirming its fair activities; have a high rating of long-term creditworthiness according to the leading rating companies.
      The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.
      Registered in the Ministry of Justice of the Russian Federation on January 26, 2007. Reg. No. 8846.