Subject The article addresses the creation of an efficient system of anti-money laundering and combating financing of terrorism in the Russian Federation. Objectives The study aims to investigate the relation of requirements of international standards on combating money laundering and the financing of terrorism with rules of law of the Russian Federation and specifics of the Russian economy. Methods I employed methods of logical analysis and synthesis, comparative and legal analysis, and method of idealization. Results The study identified economic sectors that are outside the system of anti-money laundering but have a high risk of transactions, which purpose is to legalize income. Conclusions and Relevance To reduce the risk of money laundering, it is necessary to establish the maximum amount of cash for settlements between individuals and participants of cash payments, and to include developers and entities involved in the sale of transport facilities to individuals in the list of organizations falling within the scope of Federal Law № 115-FZ.
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