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Leonov, P. Y., Kotelyanets, O. S., Ivanov, N. V., Bratishchenko, F. I., & Atavina, A. V. (2018). Rules of Internal Control of the Broker as a Tool for Risk Management of ML/FT. KnE Engineering, 3(6), 24–35. https://doi.org/10.18502/keg.v3i6.2967

https://doi.org/10.18502/keg.v3i6.2967

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authors

  • P Y Leonov
    No author data available.
  • O S Kotelyanets
    No author data available.
  • N V Ivanov
    No author data available.
  • F I Bratishchenko
    No author data available.
  • A V Atavina
    No author data available.

Published Date

  • Oct 8, 2018

Rules of Internal Control of the Broker as a Tool for Risk Management of ML/FT

KnE Engineering / Breakthrough directions of scientific research at MEPhI: Development prospects within the Strategic Academic Units / Pages 24–35

Abstract

The article analyzes and identifies the features of a brokerage company as an economic entity, identifies the main risks of a broker in the sphere of ML/FT, and examines the rules of internal control and the requirements imposed on them.


 


 


Keywords: internal control, broker, risks, economic security

References
[1] Instructions of the Bank of Russia of January 29, 2018, No. 4707-U.


[2] Order of Rosfinmonitoring dated November 10, 2011, No. 361 «On the definition of the list of states (territories) that do not comply with the recommendations of the Financial Action Task Force on Money Laundering (FATF)».


[3] Bank of Russia Regulation No. 445-P of December 15, 2014 «On requirements for internal control rules of non-credit financial organizations for the purpose of countering the legalization (laundering) of criminally obtained incomes and the financing of terrorism».


[4] Instructions of the Bank of Russia N 3471-U «On requirements for training and education of personnel in non-credit financial organizations» of December 5, 2014.