LETTER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION

of October 2, 2013 No. 07-02-05/40858

About practice of application of the legislation of the Russian Federation on counteraction of legalization (laundering) of income gained criminal in the way and to terrorism financing

According to the procedure of generalization of practice of application of the legislation of the Russian Federation on counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing the Department of regulation of financial accounting, financial reporting and auditor activities draws the attention of auditing organizations, auditors to the following.

1. In case of fulfillment of requirements of the Federal Law of August 7, 2001 No. 115-FZ "About counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing" (further - the Federal Law No. 115-FZ) auditing organizations, auditors shall follow the Application guide of the approach based on risk assessment, for accountants, accepted by Group of development of financial measures of anti-money laundering (FATF).

2. For the purpose of the Federal Law No. 115-FZ legalization (washing) of income gained in the criminal way giving of lawful type to ownership, use or the order is considered the money or other property received as a result of crime execution. Client is the physical person or legal entity which is on servicing of the organization performing transactions with money or other property.

3. In case of fulfillment of requirements of the Federal Law No. 115-FZ special attention shall be paid to the clients performing the transactions with money or other property provided in Item 1 of article 7.1 of the Federal Law No. 115-FZ (further - Transactions), with partners from the states and the territories:

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