Putin Nominee as Russia’s Prime Minister a Crusader Against Money Laundering, Analyst Says

By Brian Orsak

Russian President Vladimir Putin named his country's top anti-money laundering regulator as prime minister Wednesday, a move that many interpreted to be a nod for a presidential successor. Viktor Zubkov, the head of Russia's financial intelligence unit, the Federal Financial Monitoring Service, was nominated to replace Mikhail Fradkov, who announced his resignation hours before the nomination. Whether or not Zubkov succeeds Putin as president, his nomination translates into a tougher stance on launderers and terrorist financiers in Russia, a country that has been plagued by corruption, according to John Wood, chief executive officer of the Playfair Group, an anti-money laundering...