INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of October 5, 2021 No. 5965-U

About modification of separate regulations of the Bank of Russia concerning requirements to identification by credit institutions and not credit financial credit institutions of clients, representatives of the client, beneficiaries, beneficial owners for the purpose of counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing

Based on the paragraph of the thirteenth Item 2 of article 7 of the Federal Law of August 7, 2001 No. 115-FZ "About counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing" (The Russian Federation Code, 2001, No. 33, Art. 3418; 2021, No. 27, Art. 5183):

1. Bring in the Provision of the Bank of Russia of December 12, 2014 No. 444-P "About identification by the not credit financial credit institutions of clients, representatives of the client, beneficiaries, beneficial owners for the purpose of counteraction of legalization (washing) of income gained in the criminal way, and to terrorism financing", registered by the Ministry of Justice of the Russian Federation on January 20, 2015 No. 35594, on September 28, 2016 No. 43856, on March 27, 2020 No. 57870, on August 5, 2020 No. 59179, the following changes.

1.1. The fifth Item 1.1 to state the paragraph in the following edition:

"Identification of the legal entity who is the client's representative, the beneficiary, and also foreign structure without formation of legal entity being the client's representative, the beneficiary is performed in the amount provided for clients - legal entities and clients - foreign structures without formation of legal entity respectively, except for the data provided by subitem 1.8 of Item 1 and Item 2 of appendix 2 to this Provision.".

1.2. In Item 1.5:

the paragraph third after the word of "owner" to add with the words "and also updating of assessment of degree (level) of customer risk";

the fifth to state the paragraph in the following edition:

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