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HomeGlossary → Federal Law 115-FZ (AML/CFT)

Federal Law 115-FZ (AML/CFT)

Federal Law 115-FZ is the federal law on countering the legalization (laundering) of proceeds and the financing of terrorism (AML/CFT). It obliges banks to identify clients, monitor suspicious transactions and request supporting documents.

Under Federal Law 115-FZ a bank may suspend a transaction and request explanations about a foreign-trade deal. Transparent documents and a clear purpose of the payment remove the questions.

We will help you prepare the deal documents for bank control.

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