Discretion questionable unlawful

с Add as many nouns as possible which could be used with the following adjectives:

questionable... activities, operations, person, ways, means.............

unlawful...............................................................................................

legal......................................................................................................

temporary............................................................................................

commercial..........................................................................................

current.................................................................................................

d Write a sentence of your own with the following word combinations:

to grant licenses.. The bank was granted a license last month.................

to revoke licenses.......................................................................................

to apply sanctions......................................................................................

to impose fines..........................................................................................

to report unlawful activities......................................................................

to freeze an account..................................................................................

to monitor a bank......................................................................................

to appoint temporary administration........................................................

e Group the following words from the box into a few logical units:

f Choose the correct variant:

1 It is a (no/non) – bank institution.

2 There is (no/not) legal division of banks into types.

3 (no/none) specific bank secrecy laws exist here.

4 There are (no/not) limitations as to the types of account information, the bank may give to criminal investigators.

5 The Bank of Russia does (no/not) have supervisory authority over offshore banks.

g Write out the following from the text:

1 The types of financial institutions in Russia:...............................................................................

2 The responsibilities of the Bank of Russia:................................................................................

3 The law enforcement officials mentioned in the text:..................................................................

§ Suggested activities

h Write down the answers using the text:

i Complete the following questions using the text:

1 In what cases can a bank disclose..........................................................................................................?

2 In what cases can information be disclosed to tax.....................................................................................?

3 Can banks give account information to......................................................................................................?

j Write down a few sentences about offshore banks on the basis of the text.

§ In conclusion

§ Say why you think this information was included in the report about money laundering in Russia.

§ Say what you know about banks and bank laws in Russia.

Skim and scan:

Read the text quickly and underline (or write out) the sentences speaking about the proposed law.