Analytics Publications

Judges will actively identify the laundering of proceeds in civil cases

The Supreme Court has published the Review of Practice for Combating Illegal Financial Transactions.  When examining an administrative or arbitration case, the court may de facto be involved in the commission of a criminal offence. The published document recommends the judges to act actively if there is a reason to suspect that the plaintiff’s demands are invented specifically for laundering the proceeds from crime. The powers and authority are sufficient. The court must not be limited to the formal consideration of a case but it must identify the grounds to suspect the legitimization of income and, if necessary, engage other government agencies, i.e. prosecutor’s office, tax office, customs office and Rosfinmonitoring. Kirill Nikitin, Head of Volga Directorate of the VEGAS LEX law firm, has studied the Supreme Court’s Review.