On April 21st, 2025, the President of the Russian Federation signed Federal Law No. 88-FZ “On Amendments to Article 6 of the Federal Law ‘On Countering the Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism’.” This law was officially published.

Certain transactions are no longer subject to mandatory control. Specifically, individual deposits of cash amounting to at least 1 million rubles into authorized capital and receipt by individuals of cash payments of at least 1 million rubles via bearer checks issued by non-residents are excluded.

Additionally, the following types of operations were to the list:

· crediting funds to bank accounts of legal entities or sole proprietors engaged in buying and selling jewelry, precious metals, and similar items;

· debiting funds from such accounts;

· purchase or sale by individuals through banks of investment precious metals and related assets;

· acquisition or sale by legal entities or individual entrepreneurs through banks of precious metals in bullion form and similar products.

 Banks will report information about these operations directly to Rosfinmonitoring.

 According to Article 2 of this law, it will come into force 120 days after its official publication date, specifically on August 20th, 2025.

Moscow & Partners lawyers attentively follow all changes in order to suggest solutions that meet the interests and needs of our clients.