Template-Type: ReDIF-Article 1.0
Author-Name: Sofia E. Kovalyova
Author-Email: sofi_ko@mail.ru
Author-Workplace-Name: State University of the Ministry of Finance of the Russia, Moscow, Russia
Title: Role of Banks in Prevention of Money Laundering
Abstract: The publication reviews the origin and definition of «money laundering» as a term, as well as the reason for establishment of the national system for prevention of money laundering and financing of terrorism (PML/FT). Characteristics of the phases of development are given, role and place of the Bank of Russia and credit organizations in counteraction of such crime are defined within the framework of the dating-back of the PML/FT system development proposed by the author.
Classification-JEL: G20, G21
Keywords: prevention of money laundering, legalization of illegal income, financing of terrorism, PML/FT system of Russia
Journal: Finansovyj žhurnal — Financial Journal
Pages: 141-150
Issue: 2
Year: 2012
Month: April
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2012/2/statii/2012_02_16.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:120216:p:141-150