KnE Social Sciences

Published date: Feb 15 2018

Journal Title: KnE Social Sciences

Issue title: III Network AML/CFT Institute International Scientific and Research Conference "FinTech and RegTech"

Pages: 190-197

DOI: 10.18502/kss.v3i2.1542

Andronov M.Y.National Research Nuclear University MEPhI (Moscow Engineering Physics Institute), Kashirskoe shosse 31, Moscow, 115409

Leonov P.Y.p.u.leonov@gmail.comNational Research Nuclear University MEPhI (Moscow Engineering Physics Institute), Kashirskoe shosse 31, Moscow, 115409

Fourth round of mutual evaluations of the FATF (financial action task force on money laundering, the Financial Action Task Force on Money Laundering, FATF) was held already in 38 countries around the world. In 2018 Russia will be cheсked.

One of the elements of anti-money laundering system is the oversight activities. FATF gives guidance on its effective building. It should be provided with the risk-oriented approach. On the one hand, in order to apply its limited resources to the most dangerous areas. On the other hand, does not interfere the development of legal entrepreneurs with redundant oversight actions.

The purpose of this article is to attract attention of specialists for financial monitoring to Guide FATF on the application of risk-oriented approach to oversight for AML/CFT purposes.

Keywords: Legalization, countering the financing of terrorism, supervision in the sphere of AML, risk-oriented approach

[1] Guidance on the application of risk-oriented approach: effective oversight and enforcement bodies overseeing the financial sector AML/CFT, and law enforce- ment agencies. [Electronic resource] URL: http://www.mumcfm.ru/repository/ 21080c6ddaa5164023d09c764a5679483f25bbd46537594b6d6920c35efd87af (date: 01.11.2017).


[2] Guidance for a risk-based approach: effective enforcement by AML/CFT supervisors of the and law enforcement. [Electronic resource] URL: gafi.org/publications/fatfrecommendations/documents/rba effective- supervision-and-enforcement.html (date: 01.11.2017). supervision and financial sector http://www.fatf-gafi.org/publications/fatfrecommendations/documents/rba effective- supervision-and-enforcement.html (date: 01.11.2017).


[3] International standards for combating money laundering, financing of ter- rorism and the financing of proliferation of weapons of mass destruc- tion. [Electronic resource] URLhttp://www.eurasiangroup.org/files/documents/ FATF/Rekomendatcii_FATF_s_obnovleniem_rek_5_i_8.pdf (date: 01.11.2017).


[4]Methodology for assessing compliance with the FATF recommendations and technical efficiency of the AML/CFT systems. [Electronic resource] URL http://www.eurasiangroup.org/files/documents/FATF/Metodologiya_s_ izmeneniyami_fevral_2017.pdf (date: 01.11.2017).


[5] [Electronic resource] URL: http://www.mumcfm.ru/repository/ 21080c6ddaa5164023d09c764a5679483f25bbd46537594b6d6920c35efd87af (date: 01.11.2017).


[6] [Electronic resource] URL: http://www.fatf-gafi.org/publications/ fatfrecommendations/documents/rba effective-supervision-and- enforcement.html (date: 01.11.2017).