Current problems of commercial banks during execution of the AML / CFT

The problems of the practical implementation of credit institutions with the requirements of laws and regulations to prevent legalization (laundering) of proceeds from crime and financing of terrorism (AML / CFT) in the implementation of internal control procedures. In this context, particular attention is paid to the organization of work with individuals who voluntarily declares assets and accounts, beneficiaries and beneficiaries of customers. Based on the evaluation of the possibility of effective application of the legislation in the sphere of AML / CFT, the ways for its further improvement.