Russia adopted the necessary legislation so that it was accepted as a member of the Financial Action Task Force (FATF). It is a member of the UN Convention Against Corruption (although it refuses to enact legislation consistent with the obligations under the OECD Anti-Bribery Convention) and fought to prevent an effective mechanism to monitor compliance with the UN Convention. Russia has created state bodies to combat money laundering. Nonetheless, the Russian Federal Financial Monitoring Service appears to be highly selective in the matters it pursues and appears to lack adequate personnel and material resources.
Demokratizatsiya, Winter 2009, at 41-70
Scholarly Commons Citation
Burger, Ethan S., "Following Only Some of the Money in Russia" (2010). Georgetown Law Faculty Publications and Other Works. Paper 167.