Currency control

In accordance with the requirements of effective laws, JSC ISBANK controls all kinds of currency operations, including non-trading transactions and operations between residents and non-residents in Russian Rubles.

JSC ISBANK provides Clients with a wide range of services related to the Bank’s performance of the functions of a currency control agent:

• registration of an agreement providing for settlements between residents and non-residents for goods imported into the territory of the Russian Federation (exported from the territory of the Russian Federation), services rendered, information transmitted, results of intellectual activity, as well as settlements under credit agreements;

• notification of clients about the transfer of funds in foreign currency;

• informing clients about the latest changes in the currency legislation of the Russian Federation, providing explanations concerning the procedure for performing currency transactions;

• provision of copies and duplicates of currency control documents at the request of clients;

• notifying customers of the approaching expected deadlines.

Provides qualified advice:

• on the issues of compliance of the terms of foreign economic agreements (draft) agreements with the requirements of the currency legislation of the Russian Federation;

• on issues of current currency legislation and currency control;

• according to the order of filling in the forms of documents submitted to the bank in accordance with the requirements of regulatory acts on currency regulation and currency control;

• on other matters.

Additional services:

• customer service using the “Bank-Client” system, which accelerates the process of submitting documents and the process of checking documents by employees of the currency control department;

• the possibility of correcting currency control documents by employees of the currency control department at the stage of document creation — before signing the EBS document by the client.