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Instructions to establish a working group to combat illicit financial transactions

January 12, 2012

Dmitry Medvedev instructed First Deputy Prime Minister Viktor Zubkov to establish a working group involving law enforcement agencies, the Bank of Russia and the Federal Taxation Service to combat illicit financial transactions.

The aim of establishing the working group is to improve the detection and prevention of financial transactions aimed at the legalisation of proceeds from criminal activity (including through the use of fly-by-night companies), financing of terrorism, evasion of taxes and customs duties, as well as the detection and prevention of obtaining income generated by corruption.

January 12, 2012