Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Capital Amnesty Put Russia In the Face Of Sanctions Toughening
22.01.2015 08:20
Capital Amnesty Put Russia In the Face Of Sanctions Toughening

Full capital amnesty promised by the President Vladimir Putin before the Federal Assembly contradicts the rules of the organization combating illegal legalization of FATF funds, aimed against funds laundering.

      This was written by “Vedomosti”, referring to the data received from unnamed federal officials. According to the rules of FATF, amnesty should not include even partial exemption from compliance with laws on combating money laundering and terrorism financing. Violations from this principle may bring serious consequences – up to inclusion into a blacklist. At the same time, the assistant to the president Andrei Belousov stated that the restrictions of FATF would be considered and the inclusion into the list was excluded. According to him, the amnesty will not affect suspicious capital obtained as a result money laundering or drug trafficking.

      Besides, the government noted that fraud, corruption and economic crimes also should not fall under the amnesty, so it will have to be limited only to fiscal and monetary violations. The black list of countries financing terrorism or carrying out illegal funds legalization is now represented by the six states, including Iran, North Korea and Ecuador. Russia was on the list until 2002. In case of return to the list the consequences may be even worse than these of the current sanctions.


Author: Anna Dorozhkina

Tags: capital amnesty     

Next Previous

You might also find interesting:

The Volume of Consumer Loans Issued has Reached its Historic Peak in Russia
How Russians Spend Money in 2018
The Majority of Russians Prefer Domestic Manufacturers
Digital Profile - the Platform for Collection of Data of Russian Citizens
How to Choose a Warm Jacket for Russian Winter

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Perm  Kabardino-Balkaria  Vladimir  Russian Bears  Russian ballet  Lumiere Hall  Russian tourism  Britney Spears  Indonesia  Golden Ring  economic crisis  travel to Russia  Spektr-R  St. Petersburg  Russian winter  Nature Reserves  terrorism  Karambol Theatre  Sochi Games   Russian culture  Mercedes-Benz Fashion Week Russia  Maria Galina  Arkady Rylov  Russian theatre  Misha Brusilovsky  Valentina Tereshkova  Republican Party of Russia  Oleg Yankovsky  Musicals in Moscow  Archeology  Russian Cinema  Olkhon  Russia travel  Tunguska  Russian regions  Krasnodar region  gas wars  Visa to Finland  Norilsk Nickel  Ivan Vasiliev  Festivals in Moscow  BRICS   Spartak Moscow  Exhibitions in Moscow  Bell Founding  Rostov-on-Don  Moscow  Omsk  Dmitry Plavinsky  Russian business 

Travel Blogs
Top Traveling Sites