MOSCOW, March 5 (RIA Novosti) – More than 42,000 financial crimes involving millions of dollars in losses were uncovered in Russia in 2013, President Vladimir Putin said Tuesday.
He gave no figure for the exact losses last year from financial crime, but said that more than 20 billion rubles ($554 million) in damages had been caused in the past three years.
“According to law enforcement bodies, more than 42,000 crimes were committed in the country’s financial services sector in 2013,” Putin said.
He praised the efforts of Russia’s law enforcement bodies in combating financial crimes and noted that the global Financial Action Task Force (FATF) had recognized the country’s safeguards against money-laundering and terrorist financing as among the best in the world.
In June last year, Russia assumed the rotating presidency of the FATF, an international body established more than two decades ago by the United States and other Western countries to fight financial crime at the global level.
- ASIAPakistan's economy makes turnaround; heading towards bright future: PM
- EUROPEItalian Prime Minister slams EU for 'wrong' economic policy
- ECONOMYOPEC to maintain its 40-percent market share in long-term - BP
- AFRICANearly 60 killed, 78 injured in NE Nigeria suicide attacks
- MIDDLE EASTQatar, Pakistan sign multi-billion dollar gas deal
Most Viewed News
- 1MIDDLE EASTRussia offers cease-fire proposal for Syria
- 2MIDDLE EASTRussia blames U.S. for bombings in Syrian Aleppo
- 3MIDDLE EASTKremlin rejects criticism of Syrian air campaign
- 4AMERICASNew US ambassador to Cambodia eyes improved trade, relations
- 5EUROPEKosovar political crisis deepens despite international pressure and attempts at resolution