Suggested activities

a Mark the true statements with T and false ones with F:

1 Anti-money laundering legislation had not been enacted in Russia when this report was made. □

2 This legislation had been drafted by that time. □

3 A special committee had been created for the purpose. □

4 The legislation was undergoing expert review at the State Duma at that time. □

5 No directives of international bodies had been taken into account in drafting the legislation. □

6 The proposed legislation ignored the law enforcement and judicial systems of Russia. □

7The proposed legislation did not contradict the provisions of the 1988 Vienna Convention. □

b Write down the answers using the text:

с Complete the following questions, using the text:

1 Why were the foreigners coming to Russia to retain...............................................?

2 Was this duplicate to coordinate with.......................................................................?

3 Why did the Russian Customs Service keep............................................................?

d Write down the questions for the following answers:

e Write out all the provisions of the draft anti-money laundering law mentioned in the text, completing the sentences:

1 For all cash and non-cash transactions exceeding..........................................................................................

2 Of several transactions.....................................................................................................................................

3 In case of any transaction of a suspicious nature............................................................................................

4 If such transactions are not reported................................................................................................................

5 The penalties range from..................................................................................................................................

6 The Russian Tax Inspectorate is to serve as the central authority for..............................................................

f Write down a short plan of the text.

Words and Grammar

g Find the English equivalents in the text:

предлагаемый закон (законопроект).................... the proposed legislation......................................................

ответственность за нарушение закона.............................................................................................................

ответственность за непредставление информации о такой сделке уголовная ответственность...............................................................................................................................................................................

ответственность будет возложена на...............................................................................................................

сомнительная сделка нарушение закона.........................................................................................................

h Group the following words into a few logical groups:

i Complete the following sentences using the words from the text:

1 The customs declaration covers personal information about the traveler, such as his full name..........................................................................................................................................................................

2 All the holdings in roubles are to be listed, including cash...........................................................................

3 All foreign currency holdings are to be listed including bank notes...............................................................

4 If the Russian traveler has got more than USD 500 he is to present a document proving the legal origin of the money, that is if he had bought............., if he had withdrawn............................................................................

§ In conclusion

j Say if and how the customs declaration requirements have changed, as far as you know.

Pre-reading question:

Do you think other countries also face the money laundering problem?

Skim and scan:

Read the text quickly and find the sentence saying that money laundering is not a crime.