Rustam Minnikhanov opens international conference "Safety of cash and values turnover"

On October 13, the international conference "Safety of cash and values turnover" organized by the Russian Encashment Association and Association of Russian banks under the auspices of the Bank of Russia and Tatarstan Government opened in Kazan.

Representatives of the sphere of cash turnover from Russia, CIS and a few foreign countries, Association of Russian banks, Federal Security Service, Ministry of Internal Affairs and major suppliers of solutions and technical devices in the sphere of cash and values turnover are taking part in the event.

First Deputy Chairman of the Bank of Russia Georgy Luntovsky and Tatarstan President Rustam Minnikhanov attended a plenary session of the conference.

Opening the session, Board chairman of Russian Encashment Association Oleg Krylov thanked Rustam Minnikhanov for active participation in organization of the conference.

Minnikhanov welcomed the audience saying that the discussed issue is topical for the banking system and economic sector, and the conference is an important event for the republic.  Speaking about Tatarstan, the president informed that by results of the last year republic’s GRP made 1.6 trillion rubles, the retail turnover – 781 bln rubles, and the assets of regional banks – 1 trillion rubles, which is the third highest indicator in Russia.

The conference will discuss regulatory framework of cash turnover, safety and insurance of risks connected with cash turnover, the role of cash turnover safety in terms of counteracting legitimization (laundering) of criminally obtained income and terrorism financing.