RealNews

Russia cooperates with other countries on terror and money laundering

Russia cooperates with 60 countries in the struggle against terrorism and money laundering, Viktor Zubkov, head of the Federal Service for Financial Monitoring (Rosfinmonitoring), told ITAR-TASS today. “The most active cooperation is with Belgium, the USA, the UK, Cyprus, Switzerland and Germany. In 2004 we carried out eight international investigations with regard to large sums of “dirty” money which had left Russia. In the 90s Russia was losing 20-25bn “criminal dollars” annually but now this figure has dropped to a fifth or a sixth of that,” he said. In 2004, Zubkov said, material provided by financial intelligence was used in 540 criminal cases. Sixty two cases were sent to the courts, and for the first time six people were sentenced for crimes of this kind. Last year Rosfinmonitoring received 1.7m different reports about suspicious deals to a sum of R25,000bn. Full Story

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