Accounts Chamber of the Russian Federation
Current Situation of Corruption and Money Laundering
In the Russian Federation
1the 10th Research ASOSAI Project
Vietnam 2013
Accounts Chamber of the Russian Federation
the 10th Research ASOSAI ProjectVietnam 2013
This survey is based on the analysis and summarization of:
the expert materials statistical data
public appraisals and research
in the area of corruption and money laundering prepared both by governmental and non-
governmental organizations
Accounts Chamber of the Russian Federation
the 10th Research ASOSAI ProjectVietnam 2013
inconsistent privatization conducted with material violations
inefficiency of administration
shortcomings of the legislation
premature transition to market relations amid globalization processes
drastic change of the form of state structure
the public morality condition
legal ignorance of the majority of the country population
a wide gap between highly prosperous and poverty-stricken population strata
Causes of corruption
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Accounts Chamber of the Russian Federation
Peculiarities of the national corruption powerful and far-flung shadow economy with a huge amount
of illegal revenues; uncontrolled circulation of extra money supply; non-performance or improper performance of the laws and measures adopted to counter corruption; complexity, inconsistency and possible varying interpretations of the applicable legal
regulations;the 10th Research ASOSAI Project
Vietnam 2013
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Accounts Chamber of the Russian Federation
the 10th Research ASOSAI ProjectVietnam 2013
a great number of statutory instruments which arbitrarily interpret the norms of the applicable law;
corrupt election processes;involvement of relatives into the corruption
process;the global nature of the Russian corruption;
the unprecedented development of domestic corruption based on the historically conditioned principle of the Russian State governance.
According to the UN assessments, up to 500 billion dollars of the so called “dirty money” coming in from Russia, including through
corruption channels, are legalized yearly in the world. That makes approximately 8% of the total volume of the global trade activity.
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Accounts Chamber of the Russian Federation
•70%
•58%
•27%
•25%
•14%
Interregional differences of corruption
the 10th Research ASOSAI ProjectVietnam 2013
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Accounts Chamber of the Russian Federation
Corruption in different fields
Religious organizations
Service utility system Education system
Political PartiesMass media Municipal authorityElection process Social support system , pension systemPublic procurement systemJudiciary systemParliamentNational Security structureLaw enforcement Bodies, police
1008060400 20
Accounts Chamber of the Russian Federation
the 10th Research ASOSAI ProjectVietnam 2013
Laundering of the offence-related monetary funds
within the last three years (2010 – 2012), around 7.5 billion US dollars were transferred
from Russia through the securities market only to the off-shore companies’ accounts
with foreign banks. 1.5 billion US dollars were converted into cash within 2010-2011
through personal accounts with Russian banks.
in Russia, the budgetary money, allocated to public companies and corporations
and stolen in the process of “budget disbursement” is laundered as a rule.
the yearly volume of doubtful transactions in the shadow economy can
make from 30 billion US dollars to 60 billiard US dollars.