According to Volodin, this initiative will help to more effectively track the monetary operations of foreign agents, as well as respond promptly to possible violations of the law.
One of the key innovations will be the transition to an electronic format for data exchange: the Ministry of Justice will have the ability to request information about the accounts and money transfers of foreign agents in digital form. Banks and government institutions will be required to provide this information within three working days.
Currently, banks in Russia are already obligated to provide data on the accounts, deposits, and operations of foreign agents upon request from the Ministry of Justice, but this information is still transmitted in paper format.
