Regulatory Alerts2008-02-20 | ПФ-3968Added
Additional Measures to Liberalize Conditions and Ensure Guarantees for Population Deposits in Commercial Banks
The decree mandates that commercial banks must accept cash and transferred funds into deposit accounts from resident individuals without imposing limits on deposit amounts or requiring documentation verifying the source of funds between April 1, 2008, and April 1, 2009. During this period, funds deposited by individuals are exempt from taxes and other mandatory payments, and the declaration of fund sources is not required. The Prosecutor General is instructed to ensure strict compliance with bank secrecy laws, while the Central Bank must submit legislative amendments to the Cabinet of Ministers within one month.