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In Russia and Belarus, AML Laws Operate Selectively, Says Legal Expert
printRussia's compliance with international anti-money laundering standards is likely to remain tenuous in spite of its membership in the Financial Action Task Force, according to Ethan S. Burger, a senior lecturer for the Faculty of Law and Centre for Transnational Crime Prevention at the University of Wollongong in Wollongong, Australia. Despite overtures otherwise, Russia tends to "abide by its own legislation irrelevant to international agreements," said Burger, a specialist in Russian and Belarusian law. Enforcement of anti-money laundering (AML) laws in the two countries can be spotty and differ widely depending on how politically connected individuals and companies are, he...
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