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Business Duty Officer

How to protect yourself from blocking under 115-FL

How to protect yourself from blocking under 115-FL

To date, in the field of entrepreneurial activity, is unfortunately, the problem of blocking accounts is extremely common: suspension of operations on the account and refusal to conduct a specific operation at the discretion of the financial institution on the basis of FZ-115. For the company, blocking the account means depriving access to funds, as well as the inability to make banking transactions for a certain period of time.

In addition to the obvious impossibility of conducting normal economic activity, companies are charged huge fees for transferring funds to another banking organization. But even after paying the commission, the story never ends – a new bank account in the new bank, usually, also gets blocked, the story starts again.

It's advisable to start the path of unblocking with interaction with the bank, responding to its requests, by submission of documents. If the bank won't meet you halfway, their actions can be cancelled, by appeling to the the interdepartmental commission at the Central Bank. Based on our practice, more than 85% cases are resolved positively in the interdepartmental commission. In extreme cases, you will have to go to court.

However, it's important to remember, that it is always possible to prevent the restriction of access to funds. In order to prevent possible problems, legal support for the company's activities is necessary, including competent verification of counterparties, as well as verification of transactions for legality and legal feasibility.

Legal support of the procedure is still better to provide qualified lawyers. It's them who will collect the entire necessary package of documents, and who'll also be able to apply certain subtleties, leading to a faster problem solution.

However, it's important to remember, that it is always possible to prevent the restriction of access to funds. In order to prevent possible problems, legal support for the company's activities is necessary, including competent verification of counterparties, as well as verification of transactions for legality and legal feasibility.

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