From March 17, tax authorities will receive expanded access to bank secrecy

Thus, banks, upon request, will have to provide them with copies of clients' passports, powers of attorney for the disposal of money, documents for opening and closing an account, as well as copies of cards with samples of signatures and imprints of seals.

In addition, credit institutions will be required to provide data on beneficial owners, client representatives and beneficiaries, including information in relation to individual transactions or for any period of time.

Previously, the tax authorities could receive information about the accounts and deposits of bank customers only within the framework of departmental audits. Now they will be able to do this without any verification measures.

According to RIA Novosti, innovations are needed to increase control over the cash flows of citizens and companies - tax authorities are striving to ensure that participants in the "gray" sector pay taxes.