Russia’s new anti-money laundering laws scheduled for April
MONEY LAUNDERING
MOSCOW -- The Russian government said in March it planned to complete a new law on money laundering by mid-April that will increase the power of the country’s law enforcement agencies.
The law could give the agencies the power to freeze bank accounts and block transactions simply on the basis of suspicion. However, there is opposition to that aspect of the proposals on the grounds that it would breach Russia’s constitution.
Banking sources say there is also opposition from Russia’s economic
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