UDC 336.71
DOI: 10.51409/v.a.2022.09.03.008
Authors
K. V. ZHELYABOVSKAYA,
Master’s student, Financial Institute under
the Government of the Russian Federation,
Moscow, Russia
Scientific supervisor:
L. K. BOTASHEVA,
PhD in Economics, Associate Professor
of the Department of Economic Security
and Risk Management, Financial University
under the Government of the Russian
Federation, Moscow, Russia
Abstract
The purpose of the work. The relevance of the research topic lies in the fact that with the development of technological
capabilities, modified schemes of illegal acts appear, therefore it is very important to monitor legislative changes in
banking activities and make timely adjustments to their work in order to minimize the penetration of «dirty» money into
a particular bank. Today, money laundering remains a large-scale problem for credit and financial institutions, both for a
separate jurisdiction and for the entire international settlement system. By penetrating the banking system, illegal income
can have a negative impact on everything, including the economic and financial security of the state.
Materials and methods. The article deals with regulatory legal acts for the banking sector of the Russian Federation
in the system of timely detection of illegal financial transactions. The Central Bank acts as the supervisory authority in this
area. The reasons and factors of non-compliance with legislative acts by credit and financial institutions are investigated
and summarized.
Results. The analysis of the number of credit institutions for 12 years on the territory of our country is also given
and the details of administrative violations for 2009-2021 are presented.
Conclusion. As a result of the conducted research, it can be said that the four key elements of the preventive
component of any anti-money laundering regime are: due diligence of clients, reporting, regulation, and supervision,
as well as sanctions. The results of this study show that the Russian anti-money laundering system has undergone
significant changes but is still far from being completed and is improving over time, and basically meets international
requirements in the field of combating money laundering.
Keywords
anti-money laundering, efficiency of banking activities, credit organizations, FATF, illegal operations.
