MADRID (Sputnik) — The Spanish Ministry of Internal Affairs and the country's taxation authorities refused to comment on earlier media reports saying that hundreds of Russian accounts are being frozen by Spanish authorities.
"At the moment we cannot comment on this situation," the ministry's press office told RIA Novosti Monday.
Earlier in the day, Deutsche Welle reported that Spanish authorities have frozen hundreds of accounts opened by Russian citizens residing in the country for not disclosing capital origins on time.
The law, obliging foreigners to disclose documents revealing where their money come from, came into force April 2010.
The obligation to reveal the origins of money in bank accounts opened in Spain concerns both, individuals and companies. Spanish BBVA bank employee Maria Munos told Sputnik that the documents showing where the money comes from should be submitted by all foreign companies before the end of April. Otherwise, foreign companies' accounts will also be frozen.
