Currency Control

Currency Control

Acting as a currency control agent, Absolut Bank provides services related to issuing transaction certificates and FX transactions:

• Opening and maintaining all types of Russian residents' and non-residents' FX accounts;
• Crediting cash to customers' FX accounts;
• Export and import payments in rubles and foreign currencies;
• FX and ruble transactions under loan agreements with non-residents;
• Control over FX and ruble payments related to FX transactions;
• Control over ruble payments made by non-residents in favor of Russian residents;
• Control over the customer's compliance with the Bank of Russia's FX regulations;
• Audit of contracts, agreements and other documents substantiating a currency transaction for their compliance with the applicable Russian FX regulations;
• Audit of currency control documents submitted by customers (FX transaction statements, ruble transaction statements, statements of substantiating documents, etc.) and control over their submission dates;
• Free customer advice on FX regulations.

The Bank employees are always there to advise customers on currency control at every foreign transaction stage, on any FX transaction and on application of FX regulations.

List of documents required for account opening:	List of documents to be presented by a legal entity – resident of the Russian Federation List of documents to be presented by a legal entity – non-resident
Forms and applications to be filled for resident entity:	Agreement on account opening in Rubles Application for current account in Rubles Agreement on account opening in foreign currency Application for current account in foreign currency Customer questionnaire True beneficiary identification card
Forms and applications to be filled for non-resident entity:	Agreement on account opening in Rubles Application for current account in Rubles Agreement on account opening in foreign currency Customer questionnaire True beneficiary identification card Additional information

• Request for account opening

Please do not hesitate to contact Corporate Banking International Division of Absolut Bank should you have any questions:

Tel. +7 495 228 69 66
Fax + 7 495 777 71 60

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