Flag of Russian financial monitoring, 2008
|Formed||November 1, 2001 (as Committee for Financial Monitoring of Russia)|
|Headquarters||K-450, D.39 Myasnitskaya Street, Moscow|
|Parent agency||Administration of the President of Russia|
The Federal Financial Monitoring Service of the Russian Federation (Russian: Федеральная служба по финансовому мониторингу; Росфинмониторинг) (known as Rosfinmonitoring) is a Federal Service that was created by a decree of President Vladimir Putin of November 1, 2001, and aimed to collect and analyze information about financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes. The organization also provides lists of people accused of terrorist or "extremist" activities.
Rosfinmonitoring is considered as Russia's main body for financial intelligence.
Under Presidential Decree No. 1263 from November 1, 2001 "On the authorized body to counteract the legalization (laundering) of proceeds of crime", the Committee for Financial Monitoring of Russia (Комитет Российской Федерации по финансовому мониторингу) was born. The Presidential Decree came into force on February 1, 2002.
Following the adoption in September 2002 amendments to the Federal Law "On Combating Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism", The Financial Monitoring Committee (KFM of Russia) functions have been enhanced with countering terrorism financing.
One of the Committee's functions was to improve Russia's image in the international community: Russia at the time was in the "black list" of FATF. Through the efforts of FMK in October 2002, Russia was removed from the "black list", and in June 2003 the Committee became a member of the FATF.
On March 9, 2004, The Presidential Decree No. 314 ("On system and structure of the federal organs of the executive authority") The Committee for Financial Monitoring transformed into the Federal Service for Financial Monitoring (Rosfinmonitoring).
Until September 2007 the Federal Financial Monitoring Service was administered by the Ministry of Finance of the Russian Federation. In accordance with Presidential Decree from September 24, 2007 (№ 1274, "On Issues of the structure of federal executive authorities) The Rosfinmonitoring become subordinate directly to the Government of the Russian Federation.
According to the Decree of the President of the Russian Federation from May 21, 2012 (№ 636; "On the structure of federal executive agencies"), the Federal Service for Financial Monitoring became under the authority of the President of Russia.
- Viktor Zubkov (2001–2007), Head of Committee for Financial Monitoring
- Oleg Markov (2007–2008), Head of Rosfinmonitoring
- Yuri Chikhanchin (Since 2008), Director
- Moneyval – European equivalent
- FINTRAC – Canada's equivalent
- FinCEN – American equivalent
- AUSTRAC – Australian equivalent.
- Egmont Group of Financial Intelligence Units
- Asia/Pacific Group on Money Laundering
- Financial Action Task Force on Money Laundering
|Wikimedia Commons has media related to Rosfinmonitoring.|
- Official website (in Russian)
- Банку России нашли надзирателя by Igor Moiseyev, Anna Inozemtseva, Svetlana Dementyeva. Kommersant, February 21, 2007.
- How Putin Uses Money Laundering Charges to Control His Opponents. The Atlantic