Financial Crime World

Russia’s Top Financial Crime Investigation Agency Expands Powers

Moscow, Russia - A New Era for Combating Corruption

The Investigative Committee of the Russian Federation (ICRF), Russia’s main federal investigating authority, has undergone significant changes since its formation in January 2011. With a staff of over 19,000 employees and a mandate to combat corruption and police misconduct, the agency has been instrumental in uncovering financial crimes across the country.

New Powers and Structure

According to sources, President Vladimir Putin signed a decree last year appointing Alexander Bastrykin as chairperson of the Investigative Committee. The agency’s powers have since expanded to include investigating cases against high-ranking officials, known as VIPs. This move is seen as part of the government’s efforts to root out corruption and increase transparency.

The ICRF has also undergone a significant structural overhaul, with the establishment of new departments focused on combating corruption and police misconduct. The agency now operates under the Presidential Administration of Russia, with President Putin overseeing its activities.

Key Officials

  • Alexander Bastrykin, Director of the Investigative Committee, has been instrumental in shaping the agency’s direction since taking office.
  • Vice-Chairmen:
    • Sorochkin Alexander
    • Nyrkov Yuri Mikhailovich
    • Piskarev Vasily
    • Leonenko Yelena
    • Karnaukhov Boris

Key Departments

The ICRF has established several key departments to support its investigative activities:

  • Central Investigation Department
  • Office for the investigation of particularly important cases involving crimes against persons and public safety
  • Office for the investigation of particularly important cases involving crimes against the state and the economy
  • Main Military Investigation Department

Investigative Process

The ICRF is responsible for conducting investigations into local authorities and federal governmental bodies. Investigators, including senior investigators, heads of investigative divisions, and chairman and vice-chairmen of the Investigative Committee, have special ranks and wear distinctive uniforms.

Military investigators, on the other hand, are military personnel who work alongside their civilian counterparts to investigate crimes related to the Russian Armed Forces.

Expansion Plans

The ICRF has announced plans to expand its powers to initiate cases against VIPs. This move is seen as a significant step towards increasing transparency and accountability in government circles.

As the agency continues to grow and evolve, it remains committed to combating financial crime and corruption across Russia. With its expanded powers and structure, the Investigative Committee of the Russian Federation is poised to play a crucial role in maintaining transparency and justice in the country.