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Exhibitions

MOSCOW. (RIA Novosti economic commentator...

effective interaction of federal authorities and the Central Bank of Russia in this sphere.

Russia’s first training and methods center is being established at the FSFM to train some 4,000-5,000 specialists within a few years.

The FSFM has also formulated proposals on solving the most pressing problems of anti-money laundering operation. Service head Viktor Zubkov said the main problem was the fly-by-night companies set up to launder money, or fictitious companies that use lost or misplaced documents to get official registration.

To limit the possibilities of such fly-by-night companies, the FSFM has suggested giving financial investigators the right to freeze money on the accounts of suspected companies for up to 45 days. “This would be a good start for opening a financial investigation,” Zubkov said. “I am convinced that nobody will come to collect 90% of such money, which would be subsequently transferred to the budget.”

The

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