The Ministry of Justice of the Russian Federation expects to gain access to information on transactions and bank accounts of legal entities and citizens. A corresponding draft of amendments to the law “On banks and banking activities” has been prepared, the newspaper writes.Notifications“.
The draft law, according to the Ministry of Justice, was developed in order to improve supervision over the activities of non-profit organizations (NPO). The initiative was supported by the State Duma Committee for the Development of Civil Society, Public and Religious Organizations. They believe that the bill will increase the transparency of funding for NGOs and help to exclude money-laundering schemes. The document is expected to be submitted to the State Duma in September.
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