Russian Federation; Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report focuses on the observance of standards and codes for the Financial Action Task Force on Money Laundering (FATF-40), recommendations for anti-money laundering (AML), and nine special recommendations combating the financing of terrorism (CFT) for the Russian Federation. Laundered money is often invested in real estate or security instruments. The report reveals that the Russian authorities are well aware of the money laundering (ML) and terrorist financing (TF) schemes used in Russia. Many ML schemes also involve the misuse of (foreign) legal entities and financial institutions.

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Year of publication:	2009-01-26
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Financial institutions \| Governance \| International cooperation \| Reports on the Observance of Standards and Codes \| money laundering \| law enforcement \| terrorist financing \| terrorist \| terrorism \| financing of terrorism \| criminal liability \| due diligence \| competent authorities \| beneficial ownership \| unusual transactions \| law enforcement bodies \| precious metals \| alternative remittance \| terrorism financing \| foreign operations \| law enforcement agencies \| alternative remittance systems \| legal assistance \| insider trading \| market manipulation \| nuclear material \| legal arrangements \| beneficial owners \| criminal justice \| terrorist organisations \| business relationships \| legal entities \| record keeping requirements \| criminal justice system \| terrorist assets \| internal controls \| suspicious transaction \| foreign branches \| terrorists \| supervisory bodies \| wire transfer \| prudential risks \| suspicious transaction reporting \| fictitious names \| transaction reporting \| value transfer \| predicate offences \| share information \| negotiable instruments \| money laundering schemes \| money laundering offence \| control information \| shell banks \| money laundering activities \| banking secrecy \| dual criminality \| criminal records \| law enforcement authorities \| cross border movements \| financial operations \| supervisory regime \| secrecy provisions \| money laundering cases \| terrorist act \| enforcement authorities \| internal control procedures \| suspicious transactions \| life insurance \| terrorist activity \| identification data \| securities sectors \| reporting requirements \| financial crime \| administrative liability \| financial secrecy \| legal obligations \| predicate offence \| payment systems \| anonymous accounts \| customer identification \| supervisory authorities \| terrorist groups \| extradition requests \| financial crimes \| internal control systems \| account files \| laundered money \| legal assistance treaties \| internal procedures \| adequate powers \| tax authorities \| financial investigators \| foreign operation \| professional secrecy \| suspicious transaction reports \| supervisory agencies \| financial sector supervision \| transaction reports \| payment system \| money launderers \| international conventions \| assessment methodology \| financial transaction \| reporting forms \| financial intelligence unit \| criminal law \| confiscation of property \| insurance law \| international agreements \| control structure \| compliance function \| secrecy laws \| mutual evaluation \| laundering activities \| regulatory requirements \| customer identification data \| legal assistance requests \| law enforcement officer \| foreign exchange transactions

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 09/22 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244105