FATF CALLS ON RUSSIA TO PRIORITISE COMPLEX ML CASES AND FIGHT AML AGENCY CORRUPTION
December 1st, 2019
THE RUSSIAN government, while being praised for improving its AML/CFT efforts, has been asked by the Financial Action Task Force (FATF) to better probe complex ML cases and root corruption from banks and even AML institutions.
In its latest mutual evaluation report on Russia released today (December 17), FATF noted that “some parts of Russian law enforcement agencies have a corruption problem, including agencies charged with investigating ML” (although it did not name the tainted bodies). And while Russian authorities have made “noteworthy efforts” to ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.