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Russia recommended to actively seize illegal assets from officials
The International Anti-Money Laundering Financial Action Group (FATF) recommended that Russia expand the list of assets of deputies, senators, federal and regional officials, heads of state companies and judges that can be confiscated as illegal wealth. The government with the participation of the Prosecutor General and the Supreme Court should prepare proposals on this subject.
According to research organizations that leads RBC, Russia mainly acts as a source of criminal proceeds, a significant part of which is laundered abroad. Most of them bring theft from the budget, tax evasion, corruption, fraud in the financial sector and drug trafficking.
For the period 2014-2018, the damage from investigated cases of obtaining criminal proceeds reaches 220 billion rubles annually. In total, during this time, almost 318,5 billion rubles were seized from criminals through the use of all mechanisms of confiscation, compensation for damage and satisfaction of civil claims.
The share of seized assets in criminal cases of laundering amounted to less than 1,5%. Moreover, the amount of confiscation is much more modest than the total amount of compensation for damage. For example, the amount of voluntary compensation is 8,5 times higher than the amount of confiscations upon conviction - 75 billion against 8,8 billion rubles in 2018.