In Russia, the jewelery price threshold was raised when the identity of a customer – an individual, a representative of a client, a beneficiary and a beneficial owner – was not determined. The relevant law was signed by Russian President Vladimir Putin. Document published official legal information portal.
So, now you can buy jewelry for 60 thousand rubles (or equivalent in foreign currency) and up to 400 thousand rubles when paying cash, without personal identification. (or foreign currency equivalent) if you pay with a debit card. Previously, identification was not carried out when citizens bought jewelry in the amount of not more than 40 thousand rubles, and when paying with a bank card – not more than 200 thousand rubles.
However, if the seller suspects that the transaction is made for the purpose of money laundering or terrorist financing, he may ask the buyer to present a passport.
Formerly RBC St. Petersburg reportedThat Russian jewelry companies have appealed to the government with a proposal to change federal legislation to reduce financial losses. It was noted that the situation in the sector is critical – if there is no change, a significant part of the market players will have to cut their jobs.
Source: Gazeta
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