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Enforcement of criminal liability in the Russian Federation for money laundering

Vol. 15, Iss. 11, NOVEMBER 2019

Received: 8 July 2019

Received in revised form: 24 July 2019

Accepted: 12 August 2019

Available online: 15 November 2019

Subject Heading: THREATS AND SECURITY

JEL Classification: K14, K33, K40

Pages: 2149–2158

https://doi.org/10.24891/ni.15.11.2149

Razumova I.V. Research Institute of the Federal Penitentiary Service of Russia, Moscow, Russian Federation
razumova_iw@mail.ru

https://orcid.org/0000-0003-3985-4049

Subject The article investigates how rulings of the Supreme Court of the Russian Federation influence the number of criminal prosecution cases.
Objectives The research studies the correlation between the practical use of money laundering crimes in the Russian Federation and factual legalization of proceeds. I examine the way the Supreme Court of the Russian Federation construes criminal provisions on money laundering.
Methods The research involves methods of logic analysis and synthesis, method of legal comparison, idealization.
Results Having analyzed statistical data and a percentage of money laundering crimes out of total crimes, I point out small numbers of such cases initiated under Article 174 and 174.1 of the Criminal Code of the Russian Federation. Studying some criminal cases of money laundering, I inferred on the formal approaches and absurdity of court sentences and decisions. The enforcement of such criminal liability does not comply with international recommendations of the Financial Action Task Force on Money Laundering.
Conclusions and Relevance The existing law enforcement practice is not compliant with the FATF recommendations. Considering statistical data on criminal liability, one may conclude that Russia seems to have no cases of money or other property laundering. The findings can be used to formulate the governmental policy for criminal prosecution for money laundering.

Keywords: illegal income, money laundering, criminal liability

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ISSN 2311-875X (Online)
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November 2019

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