The Eurasian Group has prepared a list of criteria* for identifying suspicious money recovery lawsuits for the purpose of money laundering.
The first-round regional risk assessment report identifies a regional risk that requires standard measures to be taken in order to mitigate it. This risk is using schemes to offshore funds through enforcement means.
It is often manifested in practice in the use of court judgements rendered on fictitious grounds.
It is critical in this regard that the relevant officers of judicial, law enforcement, and enforcement bodies become suspicious about ML schemes as early as possible. The Russian Federation has the best and positive practices in examining claims and enforcement items. The country has established constructive and close cooperation among the judicial and law enforcement bodies.
Relying on information submitted by the delegations and data sourced elsewhere, a list of criteria for identifying suspicious money recovery lawsuits for the purpose of money laundering was drafted and approved at the 40th Plenary Meeting.
Read the document
* A single criterion from the list or a group of criteria, in and of themselves, do not indicate that there is certainly a ML scheme in place, however, they can – when taken in totality with the facts under consideration in specific claims – suggest that a ML scheme may be potentially used, prompting the relevant competent bodies to examine them.
