Russia Tightens Telecom Licensing to Combat Money Laundering and Terror Financing

The Russian government will review amendments to the 'On Communications' law that would impose stricter requirements on telecom license applicants, aimed at countering money laundering and terrorism financing. The move signals increased state scrutiny over the communications sector, potentially affecting market entry and operations. The exact nature of the new requirements remains unspecified, and the bill's passage and impact are uncertain.