INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of July 20, 2016 No. 4079-U

About modification of the Provision of the Bank of Russia of October 15, 2015 No. 499-P "About identification by credit institutions of clients, representatives of the client, beneficiaries and beneficial owners for the purpose of counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing"

1. Bring in the Provision of the Bank of Russia of October 15, 2015 No. 499-P "About identification by credit institutions of clients, representatives of the client, beneficiaries and beneficial owners for the purpose of counteraction of legalization (washing) of income gained in the criminal way, and to terrorism financing", registered by the Ministry of Justice of the Russian Federation on December 4, 2015 No. 39962 ("the Bulletin of the Bank of Russia" of December 16, 2015 No. 115), the following changes.

1.1. In Item 1.1:

in the paragraph the second ambassador of words "physical person or legal entity" to add with words "foreign structure without formation of legal entity,", words "to whom the credit institution renders service on one-time basis or which" shall be replaced with words "which the credit institution renders service on one-time basis or which";

word in paragraph three" (including sole executive body of the legal entity)" to exclude, after the word "law" to add with words ", and also sole executive body of the legal entity";

word in paragraph five "subitems 2.6 - 2.9" shall be replaced with words "subitems 2.6 - 2.10".

1.2. In Item 1.2:

in paragraph one of the word "controls actions of the client-legal entity or physical person" shall be replaced with words "controls actions of the client";

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