ABSTRACT

FinCEN Advisory: Transactions Involving the Russian Federation, July 2000, Issue 25   [open pdf - 217KB]

The FinCEN Advisory "...is a recurring series designed for the financial, regulatory and law enforcement communities. Subsequent advisories will describe trends and developments related to money laundering and financial crime." In this issue of FinCEN: "This Advisory is being issued to inform banks and other financial institutions operating in the United States of serious deficiencies in the counter-money laundering systems of the Russian Federation. The impact of such deficiencies on the scrutiny that should be given to certain transactions or banking relationships involving Russia, in light of the suspicious transaction reporting obligations of financial institutions operating in the United States, is discussed below. The counter-money laundering regime embodied in the legal, supervisory, and regulatory systems of Russia suffers from serious systemic problems."

Publisher:
Date:
2000-07
Copyright:
Public Domain
Retrieved From:
Financial Crimes Enforcement Network: http://www.fincen.gov
Format:
pdf
Media Type:
application/pdf
Source:
FinCEN Advisory (July 2000), iss.25
URL:
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