13:55 GMT +320 October 2017
Live
    Business

    DRAFT OF RUSSIA'S ANTI-MONEY LAUNDERING AND ANTI-TERRORIST FINANCING STRATEGY TO BE MADE BY JULY

    Business
    Get short URL
    0 0 0 0
    PARIS, February 28, 2004. (RIA Novosti correspondent Andrei Nizamutdinov). The draft of Russia's national anti-money laundering and anti-terrorist financing will be made by July 2004, Russian First Deputy Finance Minister, head of the Financial Monitoring Committee (KFM) Viktor Zubkov told RIA Novosti on Friday.

    According to him, the draft "consists of three sections or big parts": the current situation in Russia, the strategic tasks and mechanism of realization.

    "The first part of the document has been already worked out and discussed by the presidential administration," the KFM head said. At the same time "an inter-departmental working group attached to the President's administration is working on the second and third parts" of the strategy, Zubkov added.

    In his words, the intermediate stage of the work should be accomplished by April 1. "Much still remains to be done but I think we shall submit the draft of the strategy by July 1," he said.

    "We should not only work out the concept but also to prepare amendments to the current legislation, instructions, provisions and other normative acts," he noted.

    "We need not only a concept but also the whole package of documents to put the strategy into practice," Zubkov stressed.

    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment