Russia's new attack on money-laundering
From Interfax:
The Central Bank is testing out an "early warning" system to turn up lending organizations that "lean" toward money-laundering schemes by the use of statistical data, without having to actually visit a particular bank.
"We think this modern system will allow us to determine areas of increased danger in the fight against [money] laundering," Deputy Central Bank Chairman Viktor Melnikov told Interfax.
No other country makes use of this particular system, he noted. "So this could b
Latest issue
Most read
- Is the pursuit of a common accounting standard for gold a fool’s errand?
- BoE minority staff score lower in first diversity survey
- EBA demands rapid reform at Maltese AML agency
- First left-wing Mexican president in a generation unlikely to upend institutions
- Vietnam says it is “actively prepared” to intervene in forex market
Back to Top