Russian Federation: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, January 26, 2009
Source details
- Canonical URL
- Russian Federation: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Other formats
Bibliographic details
- Published: January 26, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451833188.002
Scope and focus
- Assessment of observance of the Financial Action Task Force on Money Laundering (FATF-40) recommendations for anti-money laundering (AML) and the nine special recommendations combating the financing of terrorism (CFT) for the Russian Federation.
- Examines ML (money laundering) and TF (terrorist financing) schemes used in Russia and the response of Russian authorities.
Key findings
- Laundered money is often invested in real estate or security instruments.
- Russian authorities are well aware of the money laundering (ML) and terrorist financing (TF) schemes used in Russia.
- Many ML schemes involve the misuse of (foreign) legal entities and financial institutions.
Subject areas and keywords
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Corruption, Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT); CFT law; CFT regime; CFT requirements; CFT system; Corruption; CR; Customs authorities; Customs authority; due diligence; government entity; ISCR; law enforcement authorities; Legal support in revenue administration; Money laundering; Russian authorities; state authorities; Terrorism financing; terrorist financing; training programme