The Federal Financial Monitoring Service on continuing basis analyzes practice of the fulfilment of the requirements of the Federal Law No.115 FZ «On Combating Legalization (Laundering) of Criminally Gained Income and Financing of Terrorism» dated 07/08/2001 by organizations performing operations with monetary funds and other assets (OPOs).
Much prominence is given to the issues of how qualitatively and fully OPOs submit to the authorized body information about transactions subject to control. Among the messages received by Rosfinmonitoring from OPOs for the period of 2006 38% concerned transactions subject to mandatory control and 62% concerned transactions, which due to implementation of the program of exercising internal control were suspected in being made in the purpose of money laundering and terrorist financing.
After the entrance logical control for the period of 2006 there were 1,3% of the discarded messages about transactions among the overall quantity of messages sent to Rosfinmonitoring (in 2005 there were 4,8%).
After the structural control for the period of 2006 there were 2200 files rejected because of the following main reasons:
- 59,7% - SCSI mistake
- 22,3% - non of DBF format
- 16,6% - the file format does not correspond to the Decree of the Bank of Russia No.207-P dated 20/12/2002
- 1,4% - the file’s name formation mistake.
Despite the improvement of the quality and completeness of the received messages regarding transactions subject to control, a great concern is caused by the OPOs and their branches failure to meet the deadline of providing Rosfinmonitoring with data concerning transactions subject to mandatory control. The Federal Financial Monitoring Service has more than once paid the OPOs attention to the necessity of timely supply of the information regarding transactions subject to mandatory control. However, there are cases of the different out-of-time mentioned data supply.
Considering the above mentioned, we would like once more time to pay your attention to the necessity of timely supply of the information regarding transactions subject to mandatory control and fulfilment of the order of providing data regarding transactions in accordance with the Decree of the Bank of Russia No.207-P “On combating money laundering and terrorist financing” dated 20/12/2002 and the Instructions of the Bank of Russia No.1519 “On the order of submitting by OPOs to the authorized body the data related to the cases of refusal to sign a bank account contract with natural or legal person and to perform the operation with monetary funds or other assets”.
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