06MOSCOW10248, TOP OFFICIAL AT RUSSIAN CENTRAL BANK GUNNED DOWN

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Reference ID Created Released Classification Origin
06MOSCOW10248 2006-09-14 12:20 2011-08-30 01:44 CONFIDENTIAL Embassy Moscow

VZCZCXYZ0002
PP RUEHWEB

DE RUEHMO #0248 2571220
ZNY CCCCC ZZH
P 141220Z SEP 06
FM AMEMBASSY MOSCOW
TO RUEHC/SECSTATE WASHDC PRIORITY 2281
RUEATRS/DEPT OF TREASURY WASHDC PRIORITY
INFO RHEHNSC/NSC WASHDC PRIORITY

C O N F I D E N T I A L MOSCOW 010248 
 
SIPDIS 
 
SIPDIS 
 
STATE FOR EUR/RUS 
TREASURY COX/ALIKONIS/BAKER 
NSC FOR TRACY MCKIBBEN 
 
E.O. 12958: DECL: 09/14/2015 
TAGS: KTFN EFIN ECON PREL RS
SUBJECT: TOP OFFICIAL AT RUSSIAN CENTRAL BANK GUNNED DOWN 
 
Classified By: ECON M/C Pam Quanrud, Reasons 1.4 (b/d). 
 
Summary 
------- 
 
1.  (C) The Central Bank of Russia's (CBR) First Deputy 
Chairman Andrei Kozlov was fatally shot on September 13. 
Kozlov was a key figure in the GOR's efforts to crack down on 
money laundering, insider trading, and other illegal banking 
activity.  His death is most likely connected to his efforts 
to strengthen anti-money laundering regulations and 
practices.  End Summary. 
 
2.  (U) Press reports state that two gunmen fired on Kozlov 
and his bodyguard after Kozlov had finished playing in a CBR 
soccer match and was nearing the stadium exit.  The bodyguard 
was killed trying to protect the First Deputy Chairman, and 
Kozlov was shot in the head.  Kozlov's CBR teammates took him 
to a nearby hospital where he underwent surgery for hours 
before succumbing to the wound. 
 
3.  (U) Moscow's chief prosecutor issued an all-points 
bulletin for the two suspects and the city's security forces 
initiated the "Volcano-5" plan that deploys the capital's 
police force to aid in the search.  Law enforcement sources 
were quoted in the press as saying that they will investigate 
the mode as well as the motive for Kozlov's murder.  Central 
Bank spokesmen did not offer any comments on possible 
suspects, noting only that "there are so many banks, and 
suspects could be from outside the banking community." 
 
4.  (U) Kozlov was instrumental in developing a deposit 
insurance system, the implementation of which required 
determining whether banks were eligible to participate. 
Excluded banks, in many cases, lost their operating licenses. 
 Kozlov advocated strict anti-money laundering governance 
and, more recently, focused attention on insider trading as 
well as connected lending in Russia's state-owned 
corporations.  At a conference in Sochi last week, Kozlov 
discussed an initiative to ban individuals involved in tax 
evasion and money laundering from occupying a formal position 
within the banking profession. 
 
5.  (U) Kozlov was a well-known contact of the Embassy.  He 
was the Russian counterpart in the anti-money laundering 
efforts of the USAID-supported Financial Services Volunteer 
Corps.  Kozlov recently sent letters to the Federal Reserve's 
Banking Supervision Division as well as the Office of the 
Comptroller of the Currency, seeking to formalize bilateral 
cooperation in anti-money laundering activity.  Post 
considered Kozlov a key crusader and driving force in the 
GOR's efforts to combat illicit financial activity.  The 
murder of Kozlov is the first act of violence against the 
country's financial officials since former CBR Chairman 
Sergei Dubinin's office window was shot and First Deputy 
Finance Minister Andrei Vavilov's car was detonated in 1997. 
 
Comment 
------- 
 
6.  (C) Our contacts echo press speculation that the murder 
was likely connected to recent bank license revocations as 
well as Kozlov's efforts to strengthen anti-money laundering 
regulations and practices.  Kozlov was known to enjoy support 
from the Kremlin as well as the Duma Committee on Banks and 
Credit Organizations.  The question going forward is whether 
the GOR will find new resolve to crack down even harder on 
suspect banks and individuals in retaliation for Kozlov's 
assassination, or proceed more cautiously given that lives 
may be at stake.  End Comment. 
BURNS

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