NSD and National Payment Council tackle finance 01 July 2014Russia Reporter: Tammy Facey
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Tighter measures are to be implemented in the Russian payment system.
The National Settlement Depository (NSD) has signed an agreement with the National Payment Council to improve the national payment system in Russia.
Under the agreement, both NSD and the Payment Council will work together to improve settlement services in both Russian and international financial markets.
Combined, the business partners will intend to improve illegal use of insider information and market manipulation and protect information in the payment systems.
Money laundering and terrorism financing will be tackled, and the partners intend to develop standards for procedures of control over payments.
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