Bill on checking of deputies’ accounts in foreign banks passes second reading

Bill on checking of deputies’ accounts in foreign banks passes second reading

According to the document, prosecuting bodies will be able to send relevant requests to foreign banks and other foreign organizations.

The Russian State Duma has adopted a bill that provides for a mechanism of anti-corruption check of deputies and officials for the availability of accounts in foreign banks in the second reading, Rosbalt reports.

The document establishes the procedure for interaction between the Prosecutor General’s Office and the Central Bank with the competent authorities of other states during anti-corruption checks. According to the document, the Prosecutor's Office will be able to send relevant requests to foreign banks and other foreign organizations.

In addition, the Prosecutor General's Office will be able to contact the Central Bank, which, in turn, will be able to file a request to the central bank or another supervisory authority of a foreign state. The procedure and conditions of interaction between the Prosecutor's Office and the Central Bank will be determined by their agreement.

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