THE ROLE AND IMPORTANCE OF A COMPLIANCE OFFICER IN THE ACTIVITIES OF A FINANCIAL INSTITUTION IN ORDER TO PREVENT THE LEGALIZATION (LAUNDERING) OF CRIMINALLY ACQUIRED FUNDS AND THE FINANCING OF TERRORISM

Authors

  • Suzanna Kalinina Магистрант Эстонского университета прикладных наук по предпринимательству, Таллинн

DOI:

https://doi.org/10.17770/acj.v1i89.5194

Keywords:

anti money laundering, recommendations, countermeasures, risk assessment, risk management, compliance

Abstract

The relevance of the topic is confirmed by the changes taking place in the financial monitoring system: the complication of procedures aimed at countering money laundering and financing of terrorism, the creation of specialized international and European requirements and the changes of requirements for compliance specialists. Financial institutions more often face the incompetence the incompetence of these employees and their negligence. The author analysed anti money laundering and counter financing of terrorism legal acts, as well as revealed the main recommendations to financial institutions for preventing money laundering and terrorism financing. Based on scientific research, the main risk factors for using financial institutions for money laundering were identified. Based on these risks factors, the author identified the role and importance of a compliance officer in order to prevent the legalization (laundering) of criminally acquired funds and the financing of terrorism.

Downloads

Download data is not yet available.

References

Association of Certified Anti-Money Laundering Specialists (ACAMS). (2012). Study Guide CAMS sertification exam. P. .7–8. Прочитано по адресу: http://na-sj13.marketo.com/rs/582-QUS-045/images/5th_Edition_Study_Guide_ Russian_.pdf (дата обращения 01.04.2020.).

Cм. Ковалева, С. Е. Совершенствование управления рисками кредитных организаций в сфере противодействия легализации доходов, полученных преступным путем//https://ieej.lv/YqHBE (дата обращения 01.04.2020.).

Ковалева, С. Е. Совершенствование управления рисками кредитных организаций в сфере противодействия легализации доходов, полученных преступным путем, C.11-12// ieej.lv/YqHBE (дата обращения 01.04.2020.).

Basel Committee on Banking Supervision. (2003). Consolidated KYC Risk Management// https://www.bis.org/publ/bcbs101.pdf (дата обращения 01.04.2020.).

Закон об отмывании денег и противодействии терроризму // https://www.riigiteataja.ee/akt/RahaPTS (дата обращения 15.04.2020.).

Finantsinspektsiooni juhendid. Krediidi- ja finantseerimisasutuste organisatsiooniline lahend ning ennetavad meetmed rahapesu ja terrorismi rahastamise tõkestamiseks // https://www.fi.ee/sites/default/files/2018-11/FI_AML_Soovituslik_juhend.pdf (дата обращения 01.04.2020.).

Finantsinspektsiooni juhendid. Lõplikud suunised, 5-16 // https://www.fi.ee/public/pp_nr_10_Guidelines_on_Risk_Factors_ET_04-01-2018.pdf (дата обращения 01.04.2020.).

Закон об отмывании денег и противодействии терроризму//https://www.riigiteataja.ee/akt/RahaPTS (дата обращения 15.04.2020.).

Бюро данных об отмывании денег // https://www.politsei.ee/files/Rahapesu/juhendkahtlastetehingutetunnustekohta.pdf?222a84e8fa (дата обращения 19.04.2020.).

PricewaterhouseCoopers. Global Economic Crime and Fraud Survey 2018. Pulling fraud out of the shadows // https://www.pwc.com/gx/en/forensics/global-economic-crime-and-fraud-survey-2018.pdf (дата обращения 01.04.2020.).

Association of Certified Anti-Money Laundering Specialists (ACAMS). (2012). Study Guide CAMS sertification exam. С. 178–179 // http://na-sj13.marketo.com/rs/582-QUS-045/images/5th_Edition_Study_Guide_Russian_.pdf (дата обращения 01.04.2020.).

Интервью Тоомаса Туулинга, С.6//https://arileht.delfi.ee/news/uudised/ekspert-millest-on-eestil-rahapesu-tokestamisel-puudu-mida-huvitavat-tegi-hiljuti-leedu?id=83774109 (дата обращения 19.04.2020.).

Association of Certified Anti-Money Laundering Specialists (ACAMS). (2012). Study Guide CAMS sertification exam. С. 178. http://na-sj13.marketo.com/rs/582-QUS-045/images/5th_Edition_Study_Guide__Russian_.pdf (дата обращения 01.04.2020.).

Калинина, С.С., Мелихова, А. В. Совершенствование системы управления рисками кредитной организации в сфере противодейстия отмыванию (легализации) денежных средств. C.20-21.// https://nmetau.edu.ua/file/zbirnik_materialiv_2019.pdf (дата обращения 19.04.2020.).

Downloads

Published

11.12.2021

Issue

Section

Sub-Branch of Criminal Law

How to Cite

Kalinina, S. (2021). THE ROLE AND IMPORTANCE OF A COMPLIANCE OFFICER IN THE ACTIVITIES OF A FINANCIAL INSTITUTION IN ORDER TO PREVENT THE LEGALIZATION (LAUNDERING) OF CRIMINALLY ACQUIRED FUNDS AND THE FINANCING OF TERRORISM. Administrative and Criminal Justice, 1(91), 16-22. https://doi.org/10.17770/acj.v1i89.5194