Rosfinmonitoring and the Central Bank of the Russian Federation prevented the withdrawal of 320 billion rubles into the shadow sector of the economy using the Know Your Client anti-money laundering platform. In this respect stated Rosfin President watches Yuri Chikhanchin during his meeting with Russian President Vladimir Putin.
“A lot of work has been done here together with the Central Bank and today we can say that the financial institutions and financial institutions in the country comply with the law quite well, around 90 percent of them comply with the law. We continue to operate at 10 percent,” Chikhanchin said.
According to the Central Bank, illegal withdrawals of money from Russia abroad in the first half of 2023 remained at a historical minimum between January and June 2022 – 12 billion rubles. In addition, cash withdrawal volumes in the banking sector decreased by 5% to 32 billion rubles. The volume of suspicious transactions aimed at withdrawing cash from the accounts of legal entities also decreased by more than half. The Central Bank emphasized that this is facilitated by the rapid transmission of information on high-risk customers to banks through the Know Your Customer platform.
Master of Laws, Associate Professor at the Department of State and Municipal Finance at the Russian University of Economics. GV Plekhanov Mary Valishvili aforementioned “socialbites.ca” states that the restrictions imposed by the Central Bank on the withdrawal of capital from abroad have an effect in the short term and make it possible to prevent overheating of the foreign exchange market as soon as possible.
Earlier, Deputy Director of Rosfin watches Ivan Kornev in an interview with socialbites.ca. stated A 10% reduction in the volume of suspicious transfers in Russia.