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Abstract
The development of financial institutions in Russia and the upscaled use of financial tools contribute to the emergence of schemes aimed at laundering illegal proceeds. At the same time, the improvement of legislation and the introduction of strict control over the activities of financial institutions make such schemes more complicated increasing the number of entities involved in the process of legalizing illicit money, including non-credit financial organizations. The subject of the research is the state of internal control of organizations aimed at preventing the laundering of criminal proceeds. The purpose of the paper was to reveal faults in the internal control of non-credit financial organizations according to the anti-money-laundering/combating the financing of terrorism (AML / CFT) regime requirements. Based on the analysis of the main regulatory documents governing the establishment of AML/CFT internal control systems in organizations, it is concluded that the development of «ideal» internal control rules requires amendment of the current legislation.
Published Version
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