The CLS Tax practice team has many years of practical experience in implementing projects related to currency regulation, including complex cross-border projects on structuring transactions and financial flows, taking into account possible restrictions, as well as on issues in the field of foreign trade, foreign exchange transactions, including those with unfriendly assets.

Professional experience of the CLS team allows us to develop the best structures to reduce risks and achieve clients' goals in connection with currency and sanctions laws.

Our services:

• Analysis of vital foreign currency restrictions and risks
• Structuring of cash flows and transactions in connection with foreign exchange transactions, subject to restrictions
• Analysis and assessment of the legality of transactions on foreign accounts and risks of non-fulfillment of obligations stipulated by the currency laws
• Communication with regulators on various foreign currency regulation issues
• Preparation of a justification for the legality of foreign currency transactions for authorized banks
• Communication with Russian and foreign financial organizations and other persons on issues arising during the conduct and support of foreign currency transactions
• Recommendations for reducing risks
• Support in the course of inspections for checking compliance with foreign currency laws
• Challenging charges being brought for foreign currency violations through administrative action and in court
• Building a company's internal processes to reduce the risks of foreign currency violations