Source Pravda.Ru

Russia's deletion from FATF "black list" to raise its credibility

Deleting Russia from the "black list" of the Financial Action Task Force /FATF/ will raise its credibility among investors, Deputy Head of the Central Bank of Russia Victor Melnikov told journalists on Thursday.

According to him, at present 19 countries are on "the black list", including Russia and Ukraine. On June 17-19 the issue of updating the list will be under consideration.

In 1993 the FATF's recommendations to the countries cooperating with the organization were adopted, Melnikov remarked. And by the present moment most of the recommendations have been implemented - introduced into the current legislation and bylaws of the Central Bank.

A special department to fight criminal capital penetrating into the banking system was set up in Russia in 1996. At present this function is performed by the Financial Monitoring Committee /FMC/.

According to Melnikov, banking units have been checked totally on fulfilling the requirements of the law on money laundering since the middle of March. By the present moment half of the Russian organizations have been inspected and the inspection will be accomplished next month, Melnikov said. There were insignificant violations among a small number of banks, mostly among those being liquidated.

A year after the constitutional referendum of December 4th, 2016 that saw the victory of the NAY and the blatant defeat of the government front that had proposed the referendum, it can be said with certainty that the trauma for the defeated is now past. But there is still fear in them, not so hidden either...

Italy: Free fall

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame
Comments
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
USA looking for reason to see nuclear weapons in action
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Putin makes first comment on Trump's Jerusalem decision
Russia works on MiG-41 doomsday fighter jet
Russia works on MiG-41 doomsday fighter jet
Russia works on MiG-41 doomsday fighter jet
Mikhail Saakashvili's bumpy ride in politics: From chewing his tie to climbing on rooftop
Mikhail Saakashvili's bumpy ride in politics: From chewing his tie to climbing on rooftop
European Court of Human Rights: Promoting filth and insolence
European Court of Human Rights: Promoting filth and insolence
Russian athletes announce their decision about 2018 Winter Olympic Games
Turkish President Erdogan issues ultimatum to Washington and Brussels
Gorbachev names reason behind crisis in US-Russian relations
Putin makes first comment on Trump's Jerusalem decision
Human Rights Day: Let us hang our heads in shame
Human Rights Day: Let us hang our heads in shame
Human Rights Day: Let us hang our heads in shame
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision