In accordance with the requirements of Federal Law No. 115-FZ dated August 7, 2001, «On Countering the Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism,» as well as the current regulations of the Russian Federation, ER Finance LLC takes all necessary measures to combat the legalization (laundering) of proceeds from crime, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction (hereinafter referred to as AML/CFT/FWMD).

In LLC RNKO «ER Finance» approved and in effect «Rules of internal control in order to counter the legalization (money laundering) of proceeds from crime financing of terrorism, extremist activities and financing of the proliferation of weapons of mass destruction» (hereinafter referred to as the Rules). When implementing a set of measures aimed at AML/CFT/FROMU, RNKO also takes into account the recommendations of the Financial Action Task Force (FATF).

In order to ensure the organization of internal AML/CFT control and the implementation of the Rules, a special official, the responsible employee, has been appointed in the RNC.

CRS (Common Reporting Standard) is a unified standard for the automatic exchange of tax information developed by the OECD (Organization for Economic Cooperation and Development) for the purpose of combating tax evasion and protecting tax systems. In 2016, Russia confirmed its participation and joined the CRS.

Due to Russia’s accession to the CRS and the amendments made to the Tax Code of the Russian Federation (Federal Law No. 340-FZ dated November 27, 2017 «On Amendments to Part One of the Tax Code of the Russian Federation in Connection with the Implementation of International Automatic Exchange of Information and Documentation on International Groups of Companies»), individuals who enter into a contract with a financial institution for the provision of financial services are required to provide information to the financial institution that allows for the determination of tax residency. This process is known as «customer confirmation.»

In accordance with the requirements of Federal Law No. 115-FZ dated August 7, 2001, «On Countering the Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism,» as well as the current regulations of the Russian Federation, ER Finance LLC takes all necessary measures to combat the legalization (laundering) of proceeds from crime, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction (hereinafter referred to as AML/CFT/FWMD).

In LLC RNKO «ER Finance» approved and in effect «Rules of internal control in order to counter the legalization (money laundering) of proceeds from crime financing of terrorism, extremist activities and financing of the proliferation of weapons of mass destruction» (hereinafter referred to as the Rules). When implementing a set of measures aimed at AML/CFT/FROMU, RNKO also takes into account the recommendations of the Financial Action Task Force (FATF).

In order to ensure the organization of internal AML/CFT control and the implementation of the Rules, a special official, the responsible employee, has been appointed in the RNC.

CRS (Common Reporting Standard) is a unified standard for the automatic exchange of tax information developed by the OECD (Organization for Economic Cooperation and Development) for the purpose of combating tax evasion and protecting tax systems. In 2016, Russia confirmed its participation and joined the CRS.

Due to Russia’s accession to the CRS and the amendments made to the Tax Code of the Russian Federation (Federal Law No. 340-FZ dated November 27, 2017 «On Amendments to Part One of the Tax Code of the Russian Federation in Connection with the Implementation of International Automatic Exchange of Information and Documentation on International Groups of Companies»), individuals who enter into a contract with a financial institution for the provision of financial services are required to provide information to the financial institution that allows for the determination of tax residency. This process is known as «customer confirmation.»