Financial Crime World

Russia’s Financial Intelligence Unit Combats Money Laundering, Terrorism Financing

The Federal Financial Monitoring Service (Rosfinmonitoring) is the financial intelligence unit responsible for combating money laundering, terrorism financing, and proliferation of weapons of mass destruction in Russia.

Mission and Responsibilities

As a federal executive agency, Rosfinmonitoring develops national policies and regulatory frameworks to prevent and detect financial crimes. It also coordinates efforts with other government authorities, organizations, and law enforcement agencies to address threats to national security.

The agency’s activities are guided by the national policy aimed at improving Russia’s anti-money laundering (AML) and combating the financing of terrorism (CFT) system. This includes:

  • Developing legal and regulatory frameworks
  • Pursuing international cooperation
  • Collecting and analyzing information
  • Overseeing compliance with established requirements
  • Conducting financial investigations
  • Staffing provision and professional training

Structure and Operations

Rosfinmonitoring reports directly to the President of Russia and operates through its main office and interregional departments. The agency also cooperates with other federal executive authorities, regional governments, local authorities, public associations, and organizations.

Emblem and Flag

Rosfinmonitoring has its own emblem and flag, which symbolize its mission to combat financial crimes.

The agency’s activities are based on several laws and decrees, including:

  • Federal Law No. 115-FZ of August 7, 2001, “On Combating Legalization (Laundering) of Criminal Proceeds and Financing of Terrorism”
  • Decrees No. 808 and No. 636 issued by the President of Russia

Organizational Structure

Rosfinmonitoring is headed by Director Yury A. Chikhanchin, who is assisted by several deputy directors:

  • Yury F. Korzhavin
  • Sergei V. Kondratyev
  • Igor E. Kuznetsov

Activities

The agency conducts financial investigations to:

  • Identify criminal links and groups
  • Trace proceeds of crime
  • Collect evidence for use in criminal proceedings
  • Identify potential terrorist financing channels and sources
  • Implement measures to detect and disrupt these channels

Rosfinmonitoring also continuously updates its lists of organizations and individuals involved in extremist activities or terrorism, and communicates these lists to entities engaged in transactions with funds or other assets.

Contact Information

If you suspect money laundering, terrorism financing, or corruption by Rosfinmonitoring officers, you can contact the agency’s hotline number at +7 (495) 627-33-97. The press service can be reached at +7 (495) 627-32-11, and general inquiries can be sent to info@fedsfm.ru.

Rosfinmonitoring is located at:

  • 39, Building 1, Myasnitskaya Street, K-450, Moscow, 107450
  • Reception of correspondence is available during business hours from 10:00 am to 12:00 pm and 14:00 pm to 16:00 pm.