Bank secrecy ceases to be such – the number of federal agencies that can access this information increases.

Last summer, the Finance Ministry has prepared draft amendments to the Law “On Currency Regulation and Currency Control “, in which FNS has received the opportunity to request a passport transactions and bank statements of bank supervision on the operations of clients. If they are adopted, banks will have to be reduced not only give information about customer accounts and bank statements, and customs declarations, identification of citizens, as well as documents that are grounds for holding foreign currency transactions and confirming the transfer of goods.

In December last year to expand its powers decided FCS. Service has prepared draft amendments to the Customs Code, under which customs officials can detain five days, currency and rubles, and also checks if the traveler refused to specify the origin of funds. According to the draft of the FCS would be able to request information about the source of funds that is now the bank secrecy. “I do not understand why people take with them cash, if there is a card – told to” Vedomosti “a senior official of the FCS. – But I have an answer: we must pay for the shuttle business, because cash is easier to do ».

FSFM also claims to have access to banking secrecy. These credentials for the service prescribed in the draft law “On counteracting misuse of insider information and market manipulation”, which passed by the Parliament in first reading in April last year. There, fixed rate that the central bank is obliged to request the authorities to provide information, “including constituting commercial, official, bank secrecy ….” This regulation should help to detect and deter the use of insider information.

now under the law “On Banks and Banking Activity” Access to banking secrecy granted to the courts, Court of Accounts, tax and customs administrations, the Pension Fund , social insurance funds and bailiffs. But the amount of information that may be issued to these bodies are limited to the specifics of their activities.

discredited notion of banking secrecy, says the head of banking practice Pepeliaev groups “Lydia Gorshkov. In world practice, neither the Tax or customs of banking secrecy is not allowed, like board chairman of MDM Bank Oleg Vyugin. If banking secrecy for the agencies will not, then the confidence in the banking system will be shaken, he said. There should be no question of the abolition of banking secrecy for the fiscal authorities, but in its disclosure of the main thing – do not get to the silly, “says board member of VTB 24 Dmytro Rudenko:” I do not want to provide staff housing and communal services or SAI. Banking secrecy must be maintained, but also give access to her two or three offices, says a former board member of Barclays Bank Eugene Retuinskih.

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