On Aug. 9, 2024, RUS FIU stated that RUS GVT issued law 234-FZ amending art 59-1 and 91-1 on laws on notaries, in force on Apr. 17, 2025 (180 days after publication).
Aimed at creating conditions that prevent the use of the notary institution to conduct suspicious operations to legalize (launder) proceeds from crime and finance terrorism.
To eliminate the possibility of providing a notary with forged documents confirming the transfer of funds to the borrower, the Federal Law provides for a mechanism for verifying the authenticity of the document issued by the credit institution.
RUS GVT proposed bill amending art 59-1 and 91-1 on legislation on notaries.
Proposals
When making executive inscriptions and certifying mediation agreements related to failure to fulfill terms of a loan agreement, the notary must be provided with a document issued by the credit firm confirming the transfer of funds to the borrower.
The notary will be required to verify validity of such a document by sending a request to the credit institution through the interdepartmental electronic interaction system.
Composition of information contained in the request/form of the response to the request is established by order of the Ministry of Justice in agreement with RUS CB.
The changes will ensure verification of the reality of the obligations that have arisen, eliminate cases of using the specified notarial actions for illegal purposes and increase effectiveness of national system for combating the legalization of proceeds from crime.
Aug. 2024 Law Issued
On Aug. 9, 2024, RUS FIU stated that RUS GVT issued law 234-FZ amending art 59-1 and 91-1 on laws on notaries, in force on Apr. 17, 2025 (180 days after publication).
Aimed at creating conditions that prevent the use of the notary institution to conduct suspicious operations to legalize (launder) proceeds from crime and finance terrorism.
To eliminate the possibility of providing a notary with forged documents confirming the transfer of funds to the borrower, the Federal Law provides for a mechanism for verifying the authenticity of the document issued by the credit institution.
Regulators
RUS FIU; RUS GVT; RUS PRL
Entity Types
Bank
Reference
PR 8/9/2024; Law 234-FZ, 8/8/2024; PR, 7/23/2024; Bill 451230-8
