MONEY

LAUNDERING IN
RUSSIA
E L A B O R AT E D B Y:

LIBONI ANDREI
D R 11 Z
            
CONTENT

• What is the meaning of money laundering?

• Who created money laundering?
• Types of money laundering
• Money laundering in Russia
• Money laundering in the USSR and the Russian Federation
• Conclusion
 •The point of money laundering is to
change the source of their origin, not tax
WHAT IS THE evasion or cashing out, although these
MEANING OF goals can also be considered as
secondary. Laundered money can be
MONEY used in legal circulation — both for the
LAUNDERING? needs of the official business and for the
personal consumption of its owner.
 The phrase "money laundering" came into use
thanks to the world famous mafia Al Capone. Since
WHO CREATED
MONEY it was difficult for Al Capone to spend his ill-gotten
LAUNDERING? money under the scrutiny of the police, he created a
huge chain of laundries with very low prices.
 TYPES OF MONEY LAUNDERING
Classic schemes of money laundering include the use of cash operations, misuse of
banking and other financial institutions, operations with expensive movable and
immovable property, gambling.

Traditionally in forensics, the direct process of money laundering is done in three

stages:

• Placement - the first transfer from the victim's account to the accounts of fraudsters or a deposit of
stolen cash;
• Layering - carrying out numerous operations that are designed to hide the origin of the funds and their
real owner;
• Integration - laundered money is invested in legal or criminal business.
 Money laundering is a serious economic crime.
Criminals seek to hide the true origin and purpose
of their money, which is usually associated with
corruption, tax evasion, drug trafficking, terrorist
MONEY organizations and other forms of organized crime.
To do this, they use ordinary financial transactions
LAUNDERING or ordinary business activities as a cover. This is
IN RUSSIA called suspicious transactions. For example,
hundreds of billions of rubles are annually
withdrawn from Russia abroad through fictitious
transactions.
 Since the late 1980s in the USSR, and then in
the Russian Federation, money laundering
schemes have been much less popular than the
so-called "cashing out". Experts in the banking
MONEY LAUNDERING IN THE sector attribute this to the fact that the origin
USSR AND THE RUSSIAN of illegally obtained capital is of no interest to
FEDERATION either the state, or Russian law enforcement
agencies, or citizens, respectively, and the
legalization (laundering) of capital is not
required.
 Legalization (laundering) of money or other
CRIMINAL CODE OF property acquired by other persons by
criminal means is punishable by a fine in the
THE RUSSIAN amount of up to 120 thousand rubles or in
FEDERATION the amount of the wage or other income of
(ARTICLE 174.1) the convicted person for a period of up to one
year.
                  CONCLUSION

For the state, the fight against suspicious transactions is a very

important task, because it is impossible to effectively fight crime
without cutting off its financial flows.