Home       E-mail       Contacts             Links                                                   RUS


Overview

Rosfinmonitoring Management and structure

Rosfinmonitoring powers

Interregional Departments

Activity reports





FATF

MONEYVAL

Egmont Group

EAG

Bilateral cooperation

International standards





 17/08/2007

Circular

On August 17, 2007 in Rostov-on-Don was held a joint meeting of the working group under the Plenipotentiary of the President in the Southern Federal District and representatives of the Interagency Commission on combating legalization of the proceeds from crime and financing of terrorism on the issue “Readiness of the Rostov Region to the forthcoming third Round of mutual evaluation of the compliance of the Russian Federation with the FATF Recommendations.

In the meeting took part the Deputy of the Plenipotentiary of the President in the Southern Federal District Mr. N.A. Fedoryak, the Head of the Federal Financial Monitoring Service Mr. V.A. Zubkov, the Deputy of the General Prosecutor of the Russian Federation Mr. I.I. Sydoruk, the Assistant of the Plenipotentiary of the President in the Southern Federal District Mr. S.N. Epifanzev, heads of the law enforcement, oversight and judicial bodies of the Southern Federal District, advocatory and notarial communities.

The meeting was opened by the Deputy of the Plenipotentiary of the President in the Southern Federal District Mr. N.A. Fedoryak. He noted that the process of preparation of the District to the FATF mission has started almost since the beginning of this year within the framework of the Interagency Commission on combating legalization of the proceeds from crime and financing of terrorism. “Today we would like to identify the extent of the readiness of the state bodies of the District and objects to be visited by the FATF mission and develop necessary measures in order to eliminate existing shortcomings”, added Mr. Fedoryak.

The Head of the Federal Financial Monitoring Service in his speech at the meeting stressed that the Russian anti-money laundering system showed its effectiveness and ability to develop.

Thanks to the joint work of the oversight bodies and Rosfinmonitoring, the level of the fulfillment of the legislation by the credit and other financial institutions, the number of which is growing as the financial services develop, is permanently rising. The results of the coming FATF evaluation will be of great importance for the further development of the national AML/CFT system and will serve as a confirmation of already won positions. The mission will focus primarily on the evaluation of the efficiency of and results achieved through the operation of the national AML/CFT system.

In accordance with the schedule of the third round of mutual evaluations the visit to the Southern Federal District is planed for this November. Taking into account the strategical and political significance of the Southern region, it is obvious that foreign experts will be interested in issues concerning organization and operation of the AML/CFT system in the SFD, the ability of supervision and financial structures to react to specific challenges typical for this region.

The left time before the mission we shall dedicate to solving existing problem issues, such as the readiness of the objects to be visited, harmonization of statistical data, higher educational and professional level of the officers etc. The heads of law enforcement, supervision and judicial bodies speaking at the meeting advised on the state of work aimed at arranging meeting of the FATF mission.

The decision taken at the meeting provides for appointing officials of supervision bodies responsible for supervised organizations to be visited during the FATF mission, carrying out of preliminary checks, harmonization of statistical data on criminal cases initiated on the basis of information provided by Rosfinmonitoring or with participation of Rosfinmonitoring, as well as other arrangements.


 

|  About Rosfinmonitoring  |  News  |  Normative-legal base  |  Interagency Cooperation  |  International Cooperation  |  Useful links  |

HomeE-mailContactsRUS  

Federal Financial Monitoring Service (Rosfinmonitoring)