Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
MAGNITOGORSK, February 16. /TASS/. Russia’s Central Bank is considering approaches to supervise activities of forex-companies which are based abroad, Deputy Chief of the Central Bank Vladimir Chistyukhim said:
"The Central Bank is facing the problem of regulation of foreign participants in cases when the requirements of our legislation are breached. In fact we are on the threshold of some revolutions in legal area because it concerns supervision of participants who are under foreign jurisdictions."
The Deputy Chief of the Central Bank reminded that the US was the first to come up with an initiative in this area when they adopted FATCA (the law on taxation of foreign accounts - TASS)
"Considering the development of internet technologies and internet sales we will have to create our rules concerning legal entities, which are based in other states. That is an issue for a long and serious discussion. We should develop requirements to such websites, namely how data is provided, how products are described and consumer rights are protected," he said.