St Petersburg, Russia
+7-921-977-0469 (WhatsApp Only)
craig@ViannaInRussia.com

Bank Payments – Legal Considerations for THInK :

Bank Payments – Legal Considerations for THInK :

  • To make any Bank payments from Russia to the USA, there are certain legal considerations that apply. The first would be to comply with the Russian Central Banks regulations which apply to prevent fraudulent money laundering or the provision of funds in aid of supporting terrorism. To this end, any bank in Russia is authorised to request various types of documents to prove:
    • That the funds are being sent to a legal entity, for a legal reason
    • That the funds being sent were obtained legally by the person sending the funds
  • If the above requested documents are not supplied in time, or are incorrect in any way, then the Bank is legally allowed to refuse to make the payment. (And this has happened a number of times in the past when payments were attempted from various cities across Russia.)