INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of August 18, 2016 No. 4105-U

About modification of 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"

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 ("the Bulletin of the Bank of Russia" of February 18, 2015 No. 14), the following changes.

1.1. To add preamble after the words "this Provision establishes requirements to identification" with words "(including the simplified identification)", after the words "for the purpose of counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing" to add with words "(further - POD/FT)".

1.2. State Item 1.1 in the following edition:

"1.1. Not credit financial credit institution shall before acceptance on servicing identify:

physical person or legal entity, foreign structure without formation of legal entity, the individual entrepreneur, the physical person who is engaged in the procedure established by the legislation of the Russian Federation in private practice to whom not credit financial credit institution renders service on one-time basis or whom accepts on the servicing assuming the lasting nature of the relations when implementing transactions with money or other property within the professional activity as not credit financial credit institution (further - the client);

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