Draft addition to the Magnitsky law

In order to widely disseminate, as well as more effective operation of the Magnitsky Law, and also, as a sign of solidarity with the people of the Russian Federation, we, the heads of the countries of the European Union, the USA and Canada, made the following decision:

1. Instruct banks, during the 1st half of 2013, to temporarily freeze all current and transit accounts of individuals who are citizens of the Russian Federation with amounts of funds exceeding $500 thousand.

The relevant banks will send notifications and questionnaires to their addresses, requiring them to confirm the origin of the money in foreign accounts.

Accounts in which the origin of funds is confirmed by the tax authorities and the Ministry of Internal Affairs of the Russian Federation will be immediately unblocked.

Funds for which appropriate confirmation is not provided will be transferred to the Interpol data bank for investigation, and then returned to the disposal of the government of the Russian Federation.

Funds for which confirmation has not been provided, and the investigation will not establish the sources of their origin, will be transferred to orphanages of the Russian Federation and rehabilitation centers for children.

2. Individuals who are unable to confirm the origin of funds are prohibited from entering the countries of the European Union, the USA and Canada.

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