The government approved the Council of Europe Convention on the financing of terrorism

© RIA Novosti / Eugene to Novostinearly in fotobounce to the House of the Government of the Russian Federation. Archival photoThe government approved the Council of Europe Convention on the financing of terrorism© RIA Novosti / Eugene to Novostinearly the image Bank

The Russian government has approved the Council of Europe Convention on laundering, search, seizure and confiscation of the proceeds from crime and on the financing of terrorism, according to the website of the Cabinet of the Russian Federation.

«The Council of Europe Convention on laundering, search, seizure and confiscation of the proceeds from crime and on the financing of terrorism signed on behalf of the Russian Federation on 26 January 2009 in Strasbourg», — the document says.

It is clarified that the ratification of the Convention will improve the efficiency of interaction of Russia with foreign countries in the fight against legalization of criminal incomes and the financing of terrorism, as well as help to create additional opportunities for the development of international cooperation of the competent authorities to identify, the seizure and confiscation of proceeds from criminal activities, strengthen legal guarantees of cooperation and collaboration.

«In order to implement the Convention established by the Central authorities in the Russian Federation in the direction of queries and responses in accordance with the provisions of the Convention, for the execution of such requests or their transmission to the bodies having the necessary competence for their implementation, determines the division corresponding to the value of a financial intelligence unit in the Convention», — added in the document.

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