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

International Monetary Fund

No 2009/022, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; CFT law; state authorities; CFT system; CFT regime; CFT requirements; terrorist financing; Customs authorities; Customs authority; training programme; Russian authorities; due diligence; law enforcement authorities; government entity; Anti-money laundering and combating the financing of terrorism (AML/CFT); Terrorism financing; Money laundering; Legal support in revenue administration; Corruption (search for similar items in EconPapers)
Pages: 28
Date: 2009-01-26
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