Prosecutor-General’s Office gets access to overseas accounts of Russian officials

Prosecutor-General’s Office gets access to overseas accounts of Russian officials

The oversight agency will be able to get information through the Central Bank.

The Prosecutor-General’s Office will now be able to get information on overseas accounts of Russian officials through the Bank of Russia. The law authorizing it to exercise such an authority entered into force on Tuesday, reports RIA Novosti.

The document was signed in February, this year, by Vladimir Putin. The draft law stated that the Prosecutor-General’s Office had the right to request data - through the Bank of Russia - from foreign banks on deposits of Russians who had no right to open them.

It is anticipated that the Prosecutor-General’s Office will get this information during anti-corruption inspections.

According to the current legislation, Russian officials and parliamentarians, as well as other employees of state, have no right to open accounts in overseas banks and use any financial tools, including earning money on purchase of securities of foreign companies.

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