Foreign accounts of Russian officials interested in the Prosecutor General’s office

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Photo: Alexey kudenko / RIA Novosti

The Federation Council approved a law under which the Prosecutor General’s office will have access to data about the presence of Russian officials of foreign deposits and savings. About it reports TASS.

If necessary, the Prosecutor General’s office will forward the request to the Central Bank, which goes directly to a foreign regulator to request the presence of their deposits, or savings of Russian officials. In addition, the state office of public Prosecutor will be able to interact with the competent foreign authorities during inspections.

In the Federation Council believe that the adoption of the law will enhance the effectiveness of state measures against corruption. The law will enter into force 180 days after its official publication – 1 July 2019.Under current law, Federal officials and civil servants, including deputies and senators, are prohibited from having foreign accounts and storing money in foreign banks.

The initiative was introduced by the President of Russia Vladimir Putin in October 2018. The first and second reading of the law passed in December 2018 and January 2019, respectively.

A law banning Russian officials to have accounts and promotions in other countries, came into force in April 2013. It does not apply to property abroad. However, officials are required to declare and disclose the sources of funding.

In the latest ranking of the international organization Transparency International on perceptions of corruption, Russia was on the bottom. The level of perception of corruption in Russia was at the level of Papua New Guinea.

Video, photo All from Russia.



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