International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Monday, November 21, 2016

Russia Companies Must Collect Ultimate Beneficial Owners Info as of 2017

Clifford Chance analyzes Federal Law dated 23 June 2016 #215-FZ amended Russian AML legislation with effect from 21 December 2016. From that date, legal entities will be obliged to FATF logocollect and maintain information on their ultimate beneficial owners (UBOs). No grandfathering or transitional provisions are contemplated.  Read teh analysis here:  Download Russian_UBOs_Briefing_Note_ENG_6034056

https://lawprofessors.typepad.com/intfinlaw/2016/11/russia-companies-must-collect-ultimate-beneficial-owners-info-as-of-2017.html

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