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[cryptohunter]

Russia takestrong steps to stop illegal activities using offshore companies. The government made laws like the Federal Law on Countering the Legalization of Crime Proceeds.

This makes banks do extra checks and report suspicious transactions. Russia also joins global efforts like the Common Reporting Standard, sharing financial info. Companies must reveal who owns them, preventing secrecy.

The Federal Tax Service watches transactions to catch money laundering. Working with groups like the Financial Action Task Force, Russia follows global rules and shares risk info.

 

[kerryjoy]

It is admirable, in my opinion, that Russia has taken decisive action to stop illicit activities involving offshore corporations. Ensuring accountability and transparency requires the application of laws such as the Federal Law on Countering the Legalization of Crime Proceeds. Russia is strengthening its anti-money laundering measures by mandating that banks conduct additional checks and report suspicious transactions. These initiatives are further strengthened by participation in the Common Reporting Standard and cooperation with global groups such as the Financial Action Task Force. To combat illicit financial activities, nations must cooperate.