Russian banks no longer required to report customer info to sanction countries
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Russian President Vladimir Putin has signed a law prohibiting Russian banks from sending information about their customers and their transactions to the relevant authorities of countries that impose sanctions on Russia, its citizens or its organizations.

The text of the new law was published by the official information portal for legal information on its website, today, and it was reported by "Russia Today".

This law aims to reduce the risks associated with the adoption of laws by foreign countries aimed at obtaining from Russian credit institutions, under the threat of sanctions, information that constitutes banking secrets.



https://www.nna-leb.gov.lb/en/internatio...om-sending
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