INSTITUTIONAL SYSTEM OF THE COUNTERACTION TO MONEY LAUNDERING IN RUSSIAN FEDERATION

Author(s): Osipova Ekaterina Alekseevna

Rubric: Economy

DOI: 10.21777/2587-554X-2018-3-22-28

Release: 2018-3 (26)

Pages: 22-28

Keywords: institutional system; counteraction; money laundering; institutional factor; financial monitoring; supervision; corruption

Annotation: The article deals with the current state of the institutions that form the system of combating money laundering in Russia, including a clear confrontation between the existing formal and informal institutions in this sphere of economic cooperation. In order to identify ways to address the issues of improving the structure of the abovementioned institutional system, formed in the national economy at the present time, and the direction of development of the tools used by economic entities to combat money laundering, the main task of the analysis was to assess the effectiveness of such institutions by studying their composition, the degree of implementation of their functional powers and determining the quality of existing measures and procedures aimed at combating money laundering. In carrying out this assessment, statistical data officially published by the authorized Supervisory bodies of the relevant sectors of the economy, as well as information on national regulations governing the activities of economic units in order to combat money-laundering, were used. According to the results of the study, the existing shortcomings of the existing institutional system of combating money laundering in the Russian Federation are identified, the priority directions of development of this system and the implemented ways of development of a number of institutions in order to improve its efficiency are proposed.

Bibliography: Osipova EK.AL. INSTITUTIONAL SYSTEM OF THE COUNTERACTION TO MONEY LAUNDERING IN RUSSIAN FEDERATION // Economics and Management. – 2018. – № 3 (26). – С. 22-28. doi: 10.21777/2587-554X-2018-3-22-28