IMF Staff Country Reports

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

Publication Date:

January 26, 2009

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 2009/022

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Corruption Crime Legal support in revenue administration Money laundering Revenue administration Terrorism financing