Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of December 24, 2014 No. 1249

About establishment of general requirements to rules of internal control

(The last edition from 15-09-2016)

Based on part two of Article 5 and paragraph two of article 19 of the Law of the Republic of Belarus of June 30, 2014 "About measures for prevention of legalization of income gained in the criminal way of financing of terrorist activities and financing of distribution of weapons of mass destruction" the Council of Ministers of the Republic of Belarus DECIDES:

1. Establish general requirements to rules of internal control according to appendix.

2. Recognize invalid:

the resolution of Council of Ministers of the Republic of Belarus of March 16, 2006 No. 352 "About general requirements to rules of internal control" (The national register of legal acts of the Republic of Belarus, 2006, No. 52, 5/22052);

the resolution of Council of Ministers of the Republic of Belarus of September 21, 2010 No. 1356 "About modification and amendments in the resolution of Council of Ministers of the Republic of Belarus of March 16, 2006 No. 352" (The national register of legal acts of the Republic of Belarus, 2010, No. 226, 5/32513).

3. This resolution becomes effective since January 4, 2015.

Prime Minister of the Republic of Belarus

M. Myasnikovich

Appendix

to the Resolution of Council of Ministers of the Republic of Belarus of December 24, 2014 No. 1249

General requirements to rules of internal control

1. Rules of internal control (further - rules) are determined by persons performing financial transactions taking into account these general requirements to rules of internal control and the requirements to rules of internal control determined by the state bodies controlling activities of persons performing financial transactions (further - authorized state bodies).

Rules shall include the provisions provided by the Law of the Republic of Belarus of June 30, 2014 "About measures for prevention of legalization of income gained in the criminal way, financings of terrorist activities and financing of distribution of weapons of mass destruction" (The national legal Internet portal of the Republic of Belarus, 03.07. 2014, 2/2163) (further - the Law).

2. The terms applied in these general requirements to rules of internal control are used in the values determined in the Law.

3. In case of establishment of procedures of risk management, income gained in the criminal way, the financing of terrorist activities and financing of distribution of weapons of mass destruction, persons performing financial transactions connected with legalization:

determine and classify the risks connected with legalization of income gained in the criminal way, financing of terrorist activities and financing of distribution of weapons of mass destruction;

perform risks assessment, the income gained in the criminal way, financing of terrorist activities and financing of distribution of weapons of mass destruction, including risk of work with the client connected with legalization on risk scale which cannot consist less than of two degrees (low, high), taking into account the factors influencing increase (lowering) in degree of the risks connected with legalization of income gained in the criminal way, financing of terrorist activities and financing of distribution of weapons of mass destruction.

The risk factors influencing increase (lowering) in risk degree of work with the client can be classified by type (profile) of the client and set of information about him, types of the financial transactions performed by it, geographical regions of the residence (location), the place of implementation of activities and other factors.

The system (technique) of risks assessment, the income connected with legalization gained in the criminal way, financing of terrorist activities and financing of distribution of weapons of mass destruction is developed by persons performing financial transactions taking into account features of their activities.

Depending on risk degree, connected with legalization of income gained in the criminal way, financing of terrorist activities and financing of distribution of weapons of mass destruction, rules shall provide adequate measures of internal control.

The list of measures of internal control is determined by persons performing financial transactions, depending on risk degree, connected with legalization of income gained in the criminal way, financing of terrorist activities and financing of distribution of weapons of mass destruction and taking into account features of their activities.

Depending on risk degree of work with the client of the rule shall provide procedure and frequency of implementation of monitoring of financial transactions of clients, their representatives.

Full text available with active License only!

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.