Home  Journals  Finance and Credit  19(547) - 2013 May

Some aspects of practical implementation of credit institutions internal control procedures in order to prevent legalization (laundering) of proceeds from crime, and terrorist financing

Available online: 27 May 2013

Subject Heading: Banking

JEL Classification: 

In the article the problems of practical realization by the credit organizations of requirements of the legislative and normative documents concerning questions of counteraction of legalization (washing) of income, gained by a criminal way, and to financing of terrorism (POD and FT) within implementation of procedures of internal control are defined. The special attention is paid to the work organization with the Russian public officials. On the basis of an assessment of possibility of effective application of the legislation in the sphere of POD and FT ways on its further development are offered.

Keywords: commercial bank, internal control, the prevention of money laundering, Russian public officials

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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