FATF commission to study Russian government's activities for preventing money laundering
A commission of the Financial Action Task Force on Money Laundering, FATF, started its work in the Russian capital on Monday. The commission intends to study the Russian government's activities for preventing money laundering, as RIA Novosti learned in the Russian Financial Monitoring Committee, FMC.
After its work the commission is to prepare a report, which "may become a ground for excluding Russia from the FATF black list, comprising countries that do not fight with money laundering," the FMC pointed out.
At the same time, the FMC, which is also called "financial intelligence", during a year of its existence managed to carry out a number of activities that resulted or may soon result in large-scale disclosures of financial corrupt practices. Head of the FMC Viktor Zubkov pointed out that the Russian body was in constant contact with the FATF.
The FATF delegation, comprising representatives from its founder-countries, the USA, France, Germany and Switzerland, will work in Moscow for a week. It will hold consultations in the Finance Ministry, the Central Bank, the FMC and other departments.
