The Bank of Russia advised banks to ask individuals for documents on the source of cash for transactions over 5 million rubles, - the threshold document for individuals is 5 million rubles for one operation or in total for a calendar month. For legal entities and individual entrepreneurs, it is recommended to request documents regardless of the amount. The recommendations relate to depositing cash into accounts, purchasing bars, precious metal coins and processed natural diamonds for rubles, as well as buying and selling cash currency for rubles. The Bank of Russia has detected a sharp increase in transactions of this type. Among their possible goals are the legalization of criminal profits and the withdrawal of cash from the "shadow" circulation. The source of funds can be confirmed through an income certificate, a 3-NDFL statement or a property sale agreement. If the customer does not provide documents, banks are advised to consider identifying the transaction as suspicious. Russian Federation Telegram | maximum | strain |.

The Bank of Russia advised banks to ask individuals for documents on the source of cash for transactions over 5 million rubles, - the threshold document for individuals is 5 million rubles for one operation or in total for a calendar month. For legal entities and individual entrepreneurs, it is recommended to request documents regardless of the amount. The recommendations relate to depositing cash into accounts, purchasing bars, precious metal coins and processed natural diamonds for rubles, as well as buying and selling cash currency for rubles. The Bank of Russia has detected a sharp increase in transactions of this type. Among their possible goals are the legalization of criminal profits and the withdrawal of cash from the "shadow" circulation. The source of funds can be confirmed through an income certificate, a 3-NDFL statement or a property sale agreement. If the customer does not provide documents, banks are advised to consider identifying the transaction as suspicious. Russian Federation Telegram | maximum | strain |.