Russian Federation

Politics and economy

Russia is a democratic federal presidential-parliamentary republic. Legislative power is vested in the Federal Assembly (Parliament), while executive power is vested in the Government.

Russia’s main exports are hydrocarbons, metals, chemicals, machinery, equipment, weapons and food.

Russia has a bilevel banking system consisting of the Central Bank and lending institutions (commercial banks and non-bank lending institutions). The country’s national currency is the ruble.

National AML/CFT regime

Federal law №115-FZ On Countering the Legalization (Laundering) of Criminal Proceeds entered into force in Russia in August 2001.

The national legislation is being constantly enhanced in compliance with international standards. Measures are also being taken to enhance interagency cooperation and implementation of risk-based approach in private sector institutions. Key role in these processes are played by the Interagency Commission on Combating Money Laundering and Financing of Terrorism which is chaired by the head of Rosfinmonitoring. A Consultations Council is a part of the Interagency Commission which includes participants from key banking associations and other private sector institutions engaged in AML/CFT.

The national financial intelligence unit (FIU) is the Federal Financial Monitoring Service (Rosfinmonitoring) which was founded in 2001 as part of Ministry of finance (former Financial Monitoring Committee (KFM) and has been an independent body which reports to the government since 2004.

Rosfinmonitoring is an administrative-type FIU which is a member of the Egmont Group. According to unofficial ratings, Rosfinmonitoring was appointed as one of the world’s 5 top financial intelligence units.

Russia is a the FATF and MONEYVAL (a FATF-style regional body in Europe), as well as an observer in the Asia/Pacific Group on Money Laundering.

YURI CHIKHANCHIN

Head of the Federal Service for Financial Monitoring

Born June 17, 1951 in Krasnoyarsk.

In 1974 he graduated from the Siberian Technological Institute.

In 1974-1978 he worked at enterprises of the Krasnoyarsk Territory (repairman, senior repairman, foreman, Head of Production Planning).

From 1978 to 1994 he served in the security services.

In 1994-2000 he headed the Eastern Siberian Regional Office of Russia’s Currency and Export Control Service.

In 2000-2002 he served as Head of Foreign Exchange Control at the Ministry of Finance of the Russian Federation.

From 2002 to 2004 he was First Deputy Chairman of the Russian Federation Committee for Financial Monitoring.

From 2004 to 2007 he was Deputy Head of the Federal Service for Financial Monitoring.

From September 2007 to May 2008 he served as Head of the Secretariat of the Prime Minister of the Russian Federation.

On May 22, 2008 he was appointed Head of the Federal Financial Monitoring Service.

On 13 June 2012 he was reappointed Director of the Federal Financial Monitoring Service.

He is a Class 1 State Advisor, a Kandidat of Economics, has the honorary title Honored Economist of the Russian Federation, has been thanked by the Russian President, the Prime Minister of the Russian Federation and the Federal Assembly of Russian Federation, and has been awarded the Medal of Honor.

In 2011 awarded by the President of the Russian Federation with the "Merit for the Fatherland" of IV degree.

Cooperation with the EAG

Russia has been a member of the EAG since the group was founded.

The EAG Secretariat has been in Moscow since 2004. Seven plenary meetings of the EAG were held in the Russian Federation.

Based on the FATF–MONEYVAL–EAG mutual evaluation, in 2008 Russia received high ratings for compliance with international AML/CTF standards

In 2009 Russia submitted its first follow-up report to the EAG Plenary.

Russia’s latest follow-up report will be submitted at the EAG’s 13th Plenary metting in December 2010.

Russia provides technical assistance to the EAG member states in areas that include training the personnel of financial intelligence units, supervisory and law enforcement bodies. For these purposes, the International Training and Methodology Centre for Financial Monitoring was created.

The 20th and 23rd EAG Plenary meetings were held in Moscow in 2014 and 2015.

 

Authorization

    Upcoming events

    EAG in the news

    07.02.2017
    Participation on the Egmont Group Meetings The Chairman of the State Financial Intelligence Service under the Government of the Kyrgyz Republic, Mr. Aibek Kadyraliev has participated at the Egmont Group of FIUs’ Meetings, which are held from January 30 to February 2, 2017 in Doha, Qatar
    06.02.2017
    The summarizing “round table” "Evaluation of the financing of terrorism risks in the sector of non-profit organizations (NPOs) in the Kyrgyzstan" took place on February 2, in Bishkek The event was organized by the Public Fund "Civiс Participation" together with the State Financial Intelligence Service under the Government of the Kyrgyz Republic, with the technical support of the "Soros-Kyrgyzstan" Foundation and the The International Center for Not-for-Profit Law, as part of the National Risk Assessment of legalization (laundering) of criminal proceeds and financing of terrorism, which is conducted in accordance with the FATF Recommendations
    02.01.2017
    Common projects with the OSCE Programme Office in Astana, 2016 In 2016 the Financial Monitoring Committee of the Ministry of Finance of the Republic of Kazakhstan (hereinafter Committee) and OSCE Programme Office in Astana continue advanced training of people working in the Committee, subjects of financial monitoring, representatives of law enforcement and government agencies, who are responsible for AML/CFT.
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