Putin allows prosecutor's office to look officials’ foreign accounts through Central Bank

Putin allows prosecutor's office to look officials’ foreign accounts through Central Bank

The amendments approved by the president will come into force 180 days after the law is published.

Russian President Vladimir Putin signed a law that allows prosecutors to request information on Russian officials’ foreign accounts through the Central Bank. It is proposed to do this if information has not been obtained directly from the competent foreign authorities, the message on the Kremlin website stated.

The amendments to legislation are made in the framework of combatting corruption. The bill was submitted to the State Duma in October 2018 and adopted in the third reading in January 2019. The law will take effect 180 days from the date of publication.

Under current law, Russian officials are forbidden to have bank accounts abroad, including securities.

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