Activities of credit institutions in the field of AML/CFT

Credit institutions, performing settlement, cash, deposit, deposit, exchange, currency and many other operations on behalf of their clients, are obliged to monitor the legality of these operations in terms of compliance with financial legislation. The organization of work on countering the legalization of criminal proceeds is one of the most important elements of the internal control system in a credit institution. This aspect of the banks ' activities is constantly under the close attention of both the Bank of Russia and the Government of the Russian Federation.