Russia: Draft Law Amendments to Federal Law "On Combating Legalisation (Laundering) of Proceeds from Crime and Financing of Terrorism"

On September 9, 2019, the Federal Financial Monitoring Service (Rosfinmonitoring) published a draft federal law on amendments to the Federal Law № 115-FZ "On Combating Legalisation (Laundering) of Proceeds from Crime and Financing of Terrorism". 

The draft law aims to amend Article 6.2 and establishes that legal entities are required to take reasonable measures in specific circumstances to prevent the laundering of proceeds from crime. The measures may include the following:

  • Cooperation with law enforcement agencies and with the authorised bodies on issues of combating money laundering.

To continue reading please log in or request a demo to speak to a member of the team.