As an agent of exchange control, the Bank monitors compliance with customers of the Russian Federation currency legislation and acts of currency regulation bodies.
The Bank opens and takes care of the passport transactions under contracts concluded between residents and non-residents, which provide for the implementation of foreign exchange transactions. Registration of the transaction passport in our Bank usually takes only one day.
Bank staff:
- advise clients on all matters relating to the registration of export-import contracts, currency transactions, on the choice of conditions for foreign trade contract payment;
- assist in the preparation and execution of payment documents;
- in advance remind customers of upcoming dates and registration of necessary documents to the Bank.
The regulatory framework for the implementation of foreign exchange transactions:
- Federal Law of 10 December 2003 № 173-FZ "On Currency Regulation and Currency Control"
- Bank of Russia Instruction of June 04, 2012 № 138-I "On the order of presentation by residents and nonresidents authorized bank of confirming documents and information related to the conduct of foreign exchange operations, the order of registration of transactions passports, as well as the accounting for the authorized banks of foreign exchange operations and monitoring conducting "
- Bank of Russia Instruction dated 30 March 2004 № 111-I "On mandatory sale of foreign currency earnings in the domestic currency market of the Russian Federation"
- Bank of Russia on March 30, 2004 № 1412-U "On establishing the amount transferred by an individual - a resident of Russia without opening bank accounts"
