In fulfilment of the functions of currency control agent, the Bank of Moscow executes transaction passports within the scope of the effective currency legislation and exercises control over and performs recording of the following operations:
- payments and receipts with respect to import and export of goods in foreign currency and the currency of the Russian Federation;
- payments and receipts in foreign currency and the currency of the Russian Federation with respect to foreign trade transactions envisaging performance of work, rendering of services and transfer of information or intellectual results, including exclusive rights thereto;
- operations in foreign currency and the currency of the Russian Federation under credit (loan) agreements concluded with non-residents;
- other currency operations in foreign currency and the currency of the Russian Federation;
- payments by non-resident to the benefit of residents in the currency of the Russian Federation.
For the purpose of improving its services to Clients, the Bank has set up an opportunity for transferring the following via Internet Bank-Client/Client-Bank channels using electronic digital signatures (EDS):
- exchange control documents (Transaction passport, Currency operations statement, Statement of receipts in the currency of the Russian Federation, Statement on supporting documents, Statement on settlements through an account abroad, Application to close a transaction passport in connection with transfer of a contract (credit agreement) for servicing by another authorised bank, Application to close a transaction passport in connection with discharge of obligations under a contract (credit agreement)/discharge of obligations in a different manner;
- substantiating/supporting documents (foreign trade contracts (credit agreements), freight customs declarations, commercial invoices, statements, invoices, VAT invoices.
Substantiating documents — the documents constituting the grounds for performing a currency operation and indicated in part 4, article 23 of Federal Law «On exchange regulation and currency control» dated 1 December 2003 No. 173-FZ.
Supporting documents — documents associated with performance of currency operations and confirming the import of goods on to the customs territory of the Russian Federation or export of goods from the customs territory of the Russian Federation, as well as performance of work, rendering of services, transfer of information and intellectual results, including exclusive rights thereto.
In accordance with part 5, article 23 of Federal Law No. 173-FZ dated 10 December 2003, all documents shall be valid on the day of their submission to the Bank. At the request of the Bank, duly certified translations of documents executed fully or partly in a foreign language shall be presented.
The original documents or duly certified copies thereof shall be presented to the Bank.
On the basis of the documents received, the Bank fulfils the function of the currency control agent in accordance with the requirements established by the regulatory documents of the Bank of Russia (Instruction No. 117—I dated 15 June 2004, Regulation No. 258-P dated 01 June 2004 and so on) and legislative acts of the Russian Federation (Federal Law No. 173-FZ dated 10 December 2003, Federal Law No. 164-FZ dated 08 December 2003 and so on).
Bank staff provides consulting assistance to Clients of the Bank on the currency control procedures within the scope of the effective exchange legislation.
