Order establishes the mechanism of information interaction between the State Financial Monitoring Service and the State Treasury for exchanging information about payment transactions on the single treasury account with the aim of combating money laundering and terrorist financing. The document consists of 11 points that define: subjects of information interaction, procedure and format of data transfer, list of information subject to exchange, requirements for information protection. This is a new regulatory act that for the first time regulates such information exchange between these bodies.
Key provisions:
• The Treasury is obligated to regularly provide the State Financial Monitoring Service with information about payment transactions, including date, amount, data about the payer and recipient, payment purpose
• Transaction data regarding salaries, taxes, utility payments are not subject to transfer
• Information exchange is carried out free of charge using cryptographic protection means
• Received information can be used exclusively for financial monitoring purposes
