The Central Bank of Russia puts in a black-list the companies making shady transactions.

Starting 2013 the number of shady financial transactions in the foreign trade activity exceeded last years index practically by half and according to experts reached 1. 5 trillion rubles. Such deplorable results forced the Central Bank (CB) to create a “black list” of Russian companies, members of foreign trade activity, suspected in illegal withdrawal of money abroad and money laundering. The black list will contain next indices, helping to identify the organization: name, state registration number and tax reference number. The list will be sent to banks by local branches of the CB.

In the letter to banks the CB puts forward some features, which can represent illegal withdrawal of money abroad. For instance, the CB recommends to draw attention to cases when Russian companies close transaction passports on foreign trade contracts and loan agreements due to change of authorized bank. But at the same time they do not appeal to any of the credit organizations. And during the closure of the transaction passport, liabilities to counterparties on the part of non-residents occur to be partly/fully undrawn. According to the CB, in majority of cases corresponding activities of organization show original intentions of the company to withdraw money abroad illegally.

Organizations, put on the black-list, would be divided into two groups. The first group will contain the companies with debts on the part of foreign residents of 80% of total payments under contract. Credit organizations are entitled to refuse to conclude a bank account agreement and to conduct operations with companies from this group. The second group will contain organizations with debts from 20% to 80%. It is recommended to take companies from the second group for the special control. The data about operations of these companies are to be sent to the Federal Service for Fiscal Monitoring.

According to the CB, during 1994-2012 years 11 trillion rubles were withdrawn from Russia. In these operations a key role is played by fly-by-night companies.

The Credinform information agency has worked out its own scheme of revealing fly-by-night companies. With the help of Reliability index, which uses more than 30 various financial and non-financial factors, it is possible to exactly identify a shady company.