Top diplomat calls on NATO countries to stop military build-up near Russia’s bordersRussian Politics & Diplomacy December 08, 17:17
Putin says state must react to violations of convicts’ rightsRussian Politics & Diplomacy December 08, 16:59
Russian diplomat: Relations between Moscow, Jerusalem at highest point everRussian Politics & Diplomacy December 08, 16:46
Russia’s Kamaz-Master team may suspend participation in Dakar RalliesSport December 08, 16:17
Novak says US will not participate in OPEC's meeting with independent oil exportersBusiness & Economy December 08, 16:17
Diplomat says West beginning to see no global war on terrorism could be won without RussiaRussian Politics & Diplomacy December 08, 16:12
Russian foreign minister calls for honest look at Europe’s migration crisisRussian Politics & Diplomacy December 08, 16:02
Putin awards Order of Courage to military doctors killed or injured in SyriaRussian Politics & Diplomacy December 08, 15:42
UN says death toll from Ukrainian conflict exceeds 9,700World December 08, 15:24
The bill obliges the banks to inform Russia’s Federal Financial Monitoring Service, The Federal Tax Service and the central bank about such clients and to notify them of receiving IRS requests. The Federal Financial Monitoring Service can prohibit providing such information to the US.
Foreign banks located outside Russia will have to inform Russia’s Federal Tax Service about Russians’ accounts and deposits opened with them, according to the bill.
The bill was introduced provide legal conditions for the banks to comply with the US’s Foreign Account Tax Compliance Act (FATCA), which will come in force on July 1. The FATCA obliges banks to send information about US clients and their transactions to the IRS to avoid tax frauds committed by US citizens.