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⍰ ASK How does the Russian government ensure compliance with international standards for offshore companies?

The Russian government uses law and rules to make sure offshore companies follow global standards. They pass laws like other countries make companies share more information, and work with other nations.

Russia want to be clear about who own offshore companies to stop illegal money activities. They make agreements with other countries to share information.

Groups like the Federal Tax Service and the Central Bank check if everyone follows global rules by doing regular checks.
 
I believe it makes sense for Russia to take the lead in enforcing stronger regulations for offshore businesses. I mean, you have to abide by the rules if you want to play the global money game. I appreciate that they're requiring businesses to exchange information and collaborate with other nations; it seems like they're attempting to reduce dubious activities. They are taking it seriously, as evidenced by the frequent checks conducted by organizations like the Central Bank and the Tax Service. The fact that they are working to prevent illicit money transfers and maintain transparency is somewhat comforting. gives me the impression that things are becoming more equitable and tight.
 

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