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Our company offers you a comprehensive Enhanced Due Diligence (EDD) service. This check is necessary to minimize the risks when you enter into a deal for large amounts of money. Similar checks are almost always carried out before entering into a deal with any counterparty, but EDD has a peculiarity: it provides a more detailed and thorough check of risky counterparties. Therefore, the first thing is to determine whether a potential partner can be classified as a risky one. And the KYC mechanism (know your customer) is used for this. This technique was developed and implemented by the FATF (Financial Action Task Force on Money Laundering). FATF is an intergovernmental organization that develops global standards in the field of combating money laundering and the financing of terrorism (AML/CFT), it also evaluates the compliance of national AML/CFT systems with these standards.

To date, NFTs have been actively used on the market. In the virtual economy, NFTs are used to confirm the ownership of digital assets and the right to use them. What is NFT? NFT is a non-fungible token, in simple words, a unit of accounting that does not have copies,…

The service sector is an industry with many components of the economy and management. Commercial companies, individual entrepreneurs, and businessmen carry out their activity in this area. New opportunities and forms of ownership appear: The Internet, network marketing etc. Therefore, accountants have many problematic situations.

In 2022, a decree was adopted prohibiting residents from paying shares, deposits and shares in the property of legal entities that are non-residents. This measure has been extended to 2024. Despite this, the Central Bank of the Russian Federation issues special individual permits for such operations. To obtain permission to…

1. Business will pay taxes in a new way. The government is introducing a single tax account, where all commercial fees will be accumulated. Now the business will not need to search for the current budget classification code, it is enough to transfer the tax debt to a single account…

In recent years, particularly during the coronavirus period, many have adapted and switched to remote working. In some cases, the specific of the employee’s work allows for remote working. Formalising the contractual relationship with the employee On the one hand, labour law allows for the remote working, however, according to…

Since January 11, 2023, the criteria for obtaining a residence permit for foreigners investing in Russia have been approved. A foreigner must meet one of the following criteria: 1) Investment of at least 15 million rubles in projects of social significance over the past 3 years. 2) An investment of…

At the moment, there is an amnesty of capital, which will help to amnesty foreign assets. If a citizen has not previously reported about his property, accounts, companies, then now he can submit information to the tax authorities and he will be released from any liability. This measure is a…

Blockchain is an encrypted database containing information about all transactions of its participants. Contrary to popular belief, blockchain is not used only for conducting operations here and now. For example, the system can fix an obligation to transfer property or perform work in the future, that is, fix an option…

The demand for cryptocurrencies is growing and talks about regulating these assets continue. The central bank adheres to a conservative position on this issue and previously proposed to completely ban the circulation of cryptocurrencies in Russia, but later changed its position. In 2022, after the introduction of sanctions, disputes about…

Every year more and more Russians come to cryptocurrency. According to experts, by January 2022, the amount of assets of Russian citizens in the crypt amounted to about 2 trillion rubles. Such volumes obviously attract the attention of the Ministry of Finance and the Tax Service, but the law on…

It is planned to create a document taking into account the opinions of market participants and submit it for discussion to the Cabinet of Ministers and the Central Bank. The parliament was engaged in the formation of draft amendments to the laws for the launch of the national crypto exchange…

On December 01, Valentina Khlavich, managing partner of Valen Group, will become a speaker at the conference «Law firm management». At the event, Valentina will talk about the strategy for solving operational issues in the field of marketing. Conference details here: Conference program Management of a law firm (arbitration.ru)

The United Arab Emirates market opens opportunities for entrepreneurs from all over the world who are not only doing business with the UAE but have relocated production to the country in full. In this article, we will look at the reasons for the UAE’s investment attractiveness. The first reason is…

The process of changing the head is formalized by the decision of the sole participant, in the event that there are 2 more founders, a protocol on the change is drawn up. The procedure for changing the head by the sole founder. The sole participant issues a decision on the…

In accordance with the current legislation, it is necessary to send a notification about the opening and closing of a bank account abroad. Russia exchanges data with the tax authorities of 79 countries. Thus, the tax inspectorate can receive information about foreign accounts of citizens. The easiest way to notify…