09:44 GMT +303 December 2016
Live
    Onlinenews (archive)

    KREMLIN DISSATISFIED WITH ANTI-MONEY LAUNDERING EFFORT

    Onlinenews (archive)
    Get short URL
    0 0 0 0
    MOSCOW, February 13 (RIA Novosti) - In 2003, no cases of laundering of money earned by drug-dealing, arms-dealing and prostitution were exposed in Russia, Deputy Kremlin Chief-of-Staff Viktor Ivanov said at an extended Interior Ministry Board session Friday.

    The lack of a tangible outcome of the law-enforcement agencies' work in this sphere was sharply criticized by FATF and PACE, he added.

    According to him, only 14 money laundering cases were sent to court last year. "Half of them were closed for lack of corpus delicti," Ivanov emphasized.

    The damage done by such crimes in this country amounts to 11 billion dollars, according to the Central Bank data.

    "The analysis of the situation suggests that organized criminal groups earn part of that amount from drug-dealing and illegal migration. It is also possible that this money is used to finance terrorist activities," Ivanov went on to say.

    He also noted that the investigation work on such crimes needs to be better organized.

    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment

    Top stories