Meeting on compliance with the Federal Law 115-FZ of August 7, 2001
On April 24, 2017, the Federal Treasury and the Federal Financial Monitoring Service of the Russian Federation held an interregional meeting dedicated to the applicability of the provisions of Federal Law 115-FZ of August 7, 2001 (on countering the legalization (laundering) of proceeds from crime and the financing of terrorism) to auditors and audit companies, and the forthcoming assessment of the Russian Federation in accordance with the New Requirements of the Financial Action Task Force on Money Laundering (FATF).
The focus of the meeting was on enhancing the involvement of the audit community in the AML/CFT effort, considering the existing AML/CFT risks and threats, as well as joint development of measures to mitigate them.
AML/CFT training of auditors, including ANO MUMCFM partner’s activities, and prospective changes to the current anti-laundering laws were also discussed.
The meeting was attended by representatives of the Ministry of Finance of the Russian Federation, self-regulating organizations of auditors, Russian audit firms, and institutional members of international networks. Daria Makoveeva, Head of Quality Control Department, Mazars Russia, was among the participants of the meeting.
The Federal Treasury plans to continue working in this direction within the framework of the working group of the Council for External Quality Control of Audit Firms.