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Russian FIU Making Little Headway Combating Endemic Corruption: Report
By Matt Squire
printHigh-level corruption in Russia continues to thwart government efforts to counter money laundering and terrorist financing in the country, a European anti-money laundering watchdog said in a report made public Thursday. The report, from the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL), found that the Russian Federation "has not effectively addressed repeated critical [anti-money laundering and anti-terrorist financing] assessments identifying the need for improvement." The Russian law enforcement bodies responsible for investigating dirty money fail to adequately cooperate with prosecutors, who in turn lack an awareness of the problem, the group...
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