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Penal sanctions for the violation of the rf currency legislation and regulations

Penal sanctions for the violation of the RF currency legislation and regulations issued by currency regulation authorities

Article 15.25. Violation of the RF Currency Legislation and Regulations Issued by the Currency Regulation Authorities

Part 1. Performance of unlawful currency operations, that is, the performance of currency operations prohibited by the RF currency legislation or the performance of currency operations with the non-observance of the established requirements for using a special account and reserve requirements, or charging off and (or) entering monetary funds, domestic and foreign securities to / from a special account with the non-observance of the established reserve requirement

shall be punishable with the imposition on individuals, officials and legal entities of an administrative fine to an amount of three fourths to one amount of the unlawful currency operation, the amount of the monetary funds or the value of domestic or foreign securities charged off from and (or) entered to the account with the non-observance of the established reserve requirement.

Part 2. Violation of the established procedure for opening accounts (deposits) with banks situated outside the territory of the Russian Federation

shall be punishable with the imposition of an administrative fine on individuals to an amount of one thousand rubles to one thousand five hundred rubles, on officials to an amount of five thousand rubles to ten thousand rubles, and on legal entities to an amount of fifty thousand rubles to one hundred thousand rubles. (in the version of Federal Law dated 22.06.2007 No. 116-FZ)

Part 4. The failure of a resident to perform within the established time limit the duty of entering to its bank accounts with authorized banks foreign currency or RF currency payable for goods transferred to non-residents, work performed for non-residents, services provided to non-residents, or information or results of intellectual activity (including exclusive rights thereto) transferred to non-residents

shall be punishable with the imposition of an administrative fine on officials and legal entities equal to three fourths to one amount of the monetary funds not entered to the accounts with authorized banks.

Part 5. The failure of a resident to perform within the established time limit the duty of returning to the Russian Federation of the monetary funds paid by a non-resident for goods not imported to the RF customs territory (not received in the RF customs territory), for non-performed works, non-provided services or non-transferred information or the results of intellectual activity (including exclusive rights thereto)

shall be punishable with the imposition of an administrative fine on officials and legal entities equal to three fourths to one amount of the monetary funds not returned to the Russian Federation.

Part 6. The failure to comply with the established procedure and (or) time limits for submitting the accounting and reporting forms on currency operations, reports on the flow of funds to accounts deposits with banks outside the territory of the Russian Federation with supporting bank documents, supporting documents and information on the performance of currency operations; the violation of the established rules of transaction passport execution; or the non-observance of the established periods of storing accounting and reporting documents on currency operations, supporting documents and information for the performance of currency operations or transaction passports (in the version of Federal Law dated 23.07.2010 No. 124-FZ)

shall be punishable with an administrative fine on officials to an amount of four thousand rubles to five thousand rubles and on legal entities to an amount of forty thousand rubles to fifty thousand rubles. (in the version of Federal Law dated 22.06.2007 No. 116-FZ)

Part 7. The violation of the established procedure for imports and sending to the Russian Federation and exports and sending from the Russian Federation of RF currency and domestic certificated securities, except for in the cases provided for by Articles 16.3 and 16.4 of this Code

shall be punishable with the imposition of an administrative fine on individuals to an amount of five hundred rubles to one thousand rubles, on officials to an amount of one thousand rubles to two thousand rubles and on legal entities to an amount of five thousand rubles to ten thousand rubles. (in the version of Federal Law dated 22.06.2007 No. 116-FZ)

Note. Administrative liability established for officials by Parts 1, 4 and 5 of this Article shall be applicable only to the persons conducting entrepreneurial activity without the establishment of a legal entity.

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