RUSSIA COMPLIES WITH AML RULES ON PAPER – BUT CORRUPTION UNDERMINES ITS REPUTATION
February 1st, 2010
BY ALAN OSBORN
RUSSIA is due to deliver a comprehensive account of its anti-money laundering system to the Financial Action Task Force (FATF) in June - two years after a mutual evaluation report jointly undertaken by the FATF, Moneyval and the Eurasian group on combating money laundering and financing of terrorism (EAG) found both good and bad things to say about the country.
"There are a lot of things they (Russia) have been doing in response to the (2008) report...," said Vincent Schmoll, principal administrator of the FATF. "Both Moneyval (an ...
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