Entrepreneurs providing legal or accounting services are obliged by the Federal Financial Monitoring Service (Rosfinmonitoring) to check their clients on participation in shady financial transactions and terrorism.
Clarifications are given in the Information letter of the Rosfinmonitoring №54 from July 19, 2018.
According to the Federal law «On Combating Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism» from August 7, 2001 №115-FL, in case of any suspicions on legalization of clients` income, it is necessary to identify them and inform the Rosfinmonitoring.
These requirements, in accordance with the Article 7.1 of the115-FL concern attorneys, notary officers and other legal persons, in case when they on behalf of their clients:
- make real estate transactions;
- operate monetary funds, securities or property, banking or security accounts;
- attract monetary funds of organizations for their foundation, operation or management;
- found organizations, carry out activities or manage them;
- make transactions of purchase and sale of organizations.
Clause 2 of the Article 7.1 of the115-FL explicitly refers to the obligation of persons providing legal and accounting services to inform the Rosfinmonitoring if they have any reason to suppose that their clients` transactions or financial operations are or may be carried out for legalization of income, received by criminal means or financing of terrorism.
Procedure for transmission of such data to the Rosfinmonitoring is defined by the Decision of the Government of the RF №82 from February 16, 2005.
Form of data representation, coding form, code list able for use, other peculiarities of data representation, information and telecommunication networks used for data transmission in electronic format are regulated by the Directive approved by the Order of the Rosfinmonitoring №10 from April 22, 2015.
According to the clause 2.8 of the Directive, representation of formalized electronic messages, containing transmitted data, is carried out only with the use of personal account on the official web-site of the Rosfinmonitoring.
Foregoing requirements are also applicable to registrars – to the full extent, and court-appointed managers – in cases when they provide other additional types of professional activities listed in the Federal Law №115.
Legal entities and individual entrepreneurs, providing legal and accounting services, are obliged to have internal check rules and a special executive, responsible for compliance with the rules. Competence requirements, training and teaching requirements for such executives are approved by the Decision of the Government №492 of the RF from May 29, 2014.
Link to «List of organizations and individuals known for their engagement in extremist activities or terrorism» can be found in the section «Useful links» of the Information and Analytical system Globas.
Information agency Credinform represents an overview of activity trends of the largest companies in the real sector of the economy of the Republic of Dagestan.
The enterprises with the largest volume of annual revenue in the real sector of the economy of the Republic of Dagestan (TOP-10 and TOP-1000) were selected for the analysis, according to the data from the Statistical Register for the latest available periods (for 2012 - 2017). The analysis was made on the basis of the data of the Information and Analytical system Globas.
type of activity
|Net assets value,
|Solvency index Globas|
|1||KIZLYARSKII KONYACHNYI ZAVOD PJSC
Production of distilled drinking alcoholic beverages: vodka, whiskey, brandy, gin, liqueurs, etc.
|2||GAZPOM TRANSGAZ MAKHACHKALA LLC
Transportation of gas and products of its processing through pipelines
|3||DERBENT COGNAC PLANT NJSC
Production of food alcohol
|4||MAKHACHKALINSKII MORSKOI TORGOVYI PORT NJSC
Extraction of natural gas and gas condensate
Distribution of water for drinking and industrial needs
|997||GAZPROM GAZORASPREDELENIE DAGESTAN
Transportation of gas through pipelines
|998||DAGESTANSKAYA SETEVAYA KOMPANIYA NJSC
Transmission of electricity and technological connection to distribution networks
|999||CASPIAN FLAT GLASS NJSC
Production of flat glass
Case on declaring the company bankrupt (insolvent) is proceeding
|1000||DAGESTANSKAYA ENERGOSBYTOVAYA KOMPANIYA PJSC
Sale of electric power
— increase in the indicator to the previous period, — decrease in the indicator to the previous period.
The average values of net assets of TOP-1000 enterprises tend to decrease over the five-year period (Picture 1).
The share of enterprises with insufficiency of assets tend to grow over the five-year period (Picture 2).
The revenue volume of 10 industry leaders made 41% of the total revenue of TOP-1000 companies in 2016. (Picture 3). It points to a relatively high level of capital concentration in the Republic of Dagestan.
In general, there is a trend towards an increase in revenue volume (Picture 4).
Profit and losses
The profit volume of 10 industry leaders made 54% of the total profit of TOP-1000 companies in 2016 (Picture 5).
Average values of net profit’s indicators of TOP-1000 companies do not to increase over the five-year, while the average size of net loss increases (Picture 6).
Key financial ratios
Over the five-year period the industry average indicators of the total liquidity ratio were much higher than the interval of recommended values - from 1.0 up to 2.0, with a tendency to increase (Picture 7).
There is a high level of average values of the return on investment ratio within five years, with a tendency to some decrease return on investment ratio within five years, with a tendency to some decrease (Picture 8).
This ratio of business activity showed a tendency to decrease over the five-year period (Picture 9).
The largest share in the total revenue of TOP-1000 is owned by companies, specializing in provision of electric power, gas and steam, as well as wholesale (Picture 10).
48% of TOP-1000 companies are registered in the Register of small and medium-sized businesses of the Federal Tax Service of the RF (Picture 11).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that their the largest number are in the average financial position (Picture 12).
A comprehensive assessment of activity of the largest companies in the real sector of the economy of the Republic of Dagestan, taking into account the main indices, financial indicators and ratios, points to favorable trends, such as revenue growth, a high level of total liquidity and return on investment ratios. However, alarming and negative factors are: decrease in the average size of net assets and an increase in the share of companies with insufficiency of property, growing net losses, trends in the decline in the return on investment and asset turnover ratios
According to the Federal Service of State Statistics, there is a tendency to increase the industrial production index in the Republic of Dagestan in 2017 – 2018, higher than Russia average. Thus, for 8 months of 2018 the industrial production index increased on average by 7,5%, and in general for the period 2017 - 2018 - by 3% (Picture 14).
According to the same information, the share of the Republic of Dagestan in the amount of proceeds from the sale of goods, products, works, services countrywide made 0,06% for 8 months of 2018.