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Following EU, Russia Set to Adopt AML Convention
By Brian Monroe
printThe Russian Federation is set to approve a European-based proposal that would bolster the country's ability to seize the assets of suspected money launderers and terrorists, according to a Russian news report. The resolution, instituting Europe's Convention on Money Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism, still must be signed by Russian president Dmitry Medvedev before being formally adopted, according to a Tuesday report by Interfax, a Russian news agency. The convention, which was originally crafted in 1990 and amended most recently in 2005, provides a legal framework to get bank...
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