"This work has been completed," he said, "and a concept has been worked out. The government has it now and I think it will be presented to the president very soon."
According to Mr. Zubkov, the concept reflects the real situation in Russia concerning efforts to combat money laundering and it also contains measures designed to increase the effectiveness of the fight against money laundering.
Mr. Zubkov said the concept contained "proposals to change the legislation, but the changes are not significant because the Russian legislation has been adapted, generally, to international legislation and does not need to be significantly changed."
Mr. Zubkov said the concept did not contain proposals to expand the number of organizations required by law to inform Rosfinmonitoring about criminal deals. The current legislation "takes into consideration practically all demands and recommendations of the Financial Action Task Force on Money Laundering," he said.
