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    FINANCIAL MONITORING SERVICE SEEKS TO TAKE SECURITIES MARKET UNDER CONTROL

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    MOSCOW, April 8 (RIA Novosti) - The head of the Federal Financial Monitoring Service, Viktor Zubkov, told RIA Novosti on Thursday that the body wanted to take the securities market under its control.

    "The securities market is a subject for great investigation," he said. "This will be the next stage of our work, as large amounts of money are involved." He believes that the sphere of control should not only include the banking sector, but also insurance companies, the real estate market and the securities market.

    Mr. Zubkov pointed out that the State Duma would soon discuss amendments to anti-money laundering legislation, which would mean his service exercising control over property purchases worth more than 2.5 million rubles (about $90,000).

    (swe/yon)

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