Yakushkina Nadezhda

363 views

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
363
On SlideShare
0
From Embeds
0
Number of Embeds
21
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Yakushkina Nadezhda

  1. 1. “ The Features of Financial Monitoring in the Banking Sector in Russia” ( Основные черты финансового мониторинга в кредитно-банковской сфере РФ )
  2. 2. <ul><li>Financial monitoring in the banking sector: subjects and objects </li></ul><ul><li>“ Know Your Customer” program </li></ul><ul><li>Financial monitoring problems in the banking sector in Russia </li></ul>
  3. 3. <ul><li>The Federal Law No. 115-FZ </li></ul><ul><li>&quot;On Anti-money Laundering and </li></ul><ul><li>Financing of Terrorism&quot; </li></ul><ul><li>Financial flows – object of financial </li></ul><ul><li>monitoring in the banking sector </li></ul>
  4. 4. <ul><li>Banks </li></ul><ul><li>Credit institutions </li></ul><ul><li>Leasing companies </li></ul><ul><li>Insurance companies </li></ul><ul><li>Pawn shops </li></ul><ul><li>Merchants of jewelry and precious metals </li></ul><ul><li>Organizations of gambling industry </li></ul><ul><li>Companies managing investment and non-state pension funds, etc. </li></ul>
  5. 5. <ul><li>Requirement: to collect, verify and retain for 5 years information about  customers . </li></ul><ul><li>Monitor and report to government : </li></ul><ul><li>transaction ≥ 600,000 rub. (appr. $ 20 000) </li></ul><ul><li>transactions of extremist organizations or individuals included in Russia's domestic list </li></ul><ul><li>suspicious transactions </li></ul>
  6. 6. <ul><li>the banking sector is one of the most criminalized economic segments </li></ul><ul><li>the concealment of assets from taxation through credit institutions </li></ul><ul><li>the usage of state funds by the banks, making profit by using them as loan resources. </li></ul>
  7. 7. <ul><li>The banking sector was considered as one of the fundamental fields of the national economy </li></ul><ul><li>Russia has developed a solid legislative and regulatory foundation for combating money laundering and terrorism financing </li></ul><ul><li>Problems of financial monitoring in the banking sector in Russia were revealed. </li></ul>

×