Author

Zhubrin R.V.

Title of article

Prevention of money laundering

Section

Section 4. Criminology

Issue, year

1 (35) 2016

Abstract

Money laundering threatens national security of Russia and involves corruption, commission of economic and other crimes, illegal trafficking of arms and drugs, withdrawing large sums of money abroad. Using criminal and legal measures doesn’t allow to reduce their number. The current focus is prevention of money laundering involving the identification and elimination of factors contributing to the commission of the analyzed crimes. Subjects of prevention of money laundering and objects of preventive impact are considered. Basing on the conducted analysis, the author formulates the definition of the concept of prevention of money laundering. The actual directions of prevention of the considered crimes are distinguished. The author substantiates the thesis about the necessity of expanding the powers of the Federal financial monitoring service, performing the functions of a financial intelligence unit. An important direction of preventive activities is fulfilling the requirements of the Federal law “On counteraction to money laundering and terrorism financing” by banks. Bank supervision is increasingly acquiring prudential character that positively affects law enforcement in the credit sphere, contributes to the reduction of illegal financial transactions. Its further development assumes integration with other types of state control that requires making appropriate amendments and changes to the legislation on countering money laundering, which will improve the efficiency of state control in this sphere. The issues of legal liability of organizations for participation in commission of operations connected with the considered crimes and measures of counteraction to illegal cash withdrawal are analyzed. The problems of counteraction to illegal cash movement across the RF state border are examined.

Keywords

money laundering; prevention of crimes; legislation on counteraction to money laundering.