A regular meeting of the Interagency Committee for Combating Money Laundering, Terrorist Financing and the Financing of Proliferation of Weapons of Mass Destruction was held on September 22, 2020 via videoconferencing, chaired by German Neglyad, State Secretary and Deputy Director of Rosfinmonitoring.
The Interagency Commission meeting was attended by representatives of the Presidential Executive Office, the Executive Office of the Security Council of the Russian Federation, Federation Council, the Government of the Russian Federation, the Ministry of Internal Affairs, the Ministry of Foreign Affairs, the Ministry of Finance, the Ministry of Justice, the Ministry of Defense, the Ministry of Telecom and Mass Communications, the Ministry of Industry and Trade, the Federal Security Service of Russia, the Federal Customs Service, the Federal Service of Court Bailiffs, the Federal Penitentiary Service, the Federal Service for Technical and Export Control, the Federal Service for Supervision of Communications, Information Technology and Mass Media (Roskomnadzor), the Federal Communications Agency, the Investigative Committee, the Bank of Russia, the Federal Assay Chamber, the Central Election Commission of Russia, and the International Training and Methodology Center for Financial Monitoring.
The meeting was dedicated to the development of the national AML/CFT system, particularly to the implementation of its Development Concept approved by the President of Russian Federation on May 30, 2018 (Concept for Development of National System to Combat Money Laundering and Terrorism Financing (hereinafter “the Concept”)).
Implementation of Concept and its provisions calls for the resolution of a number of issues related to the investigation practice and judicial examination of criminal cases involving money laundering, optimization of certain interagency cooperation aspects, and improvement of the legislation in a number of areas.
Representatives of agencies involved in the Russian AML/CFT system delivered reports on the execution of the Concept Implementation Interagency Plan (approved on January 25, 2018).
In particular, Dmitry Vitashov, head of the Oversight Activities Management Department at Rosfinmonitoring, said in his presentation that the financial intelligence service jointly with the Central Bank of the Russian Federation, the Federal Assay Chamber, the Federal Service for Supervision of Communications, Information Technology and Mass Media (Roscomnadzor), the Federal Tax Service, and the Treasury had adjusted their cooperation algorithms, which resulted in the creation of the Supervisory Authority’s Personal Account on the website of Rosfinmonitoring. This account is now used to disseminate real-time information about any detected signs of non-compliance with mandatory AML/CFT requirements as well as about other risks and parameters of reporting entities’ operations. A number of risk-monitoring processes have been implemented in addition to the automated information sharing.
Olga Tisen, head of the Legal Department, reminded the participants that Rosfinmonitoring had drafted 4 federal laws, one of which has already entered into force. The financial intelligence service also contributed to the drafting of 10 federal laws, 6 of which have already been adopted. In particular, Law No. 208-FZ «On Amendments to the Federal Law «On Combating Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism» was adopted on July 13, 2020 with a view to improving the mandatory control procedures. Another important step towards the Concept implementation involves legislative initiatives by Rosfinmonitoring related to the imposition of administrative liability on legal entities involved in the laundering of money and other assets (Article 15.27.3 of the Code of Administrative Offenses of the Russian Federation “Deals or financial transactions carried out in the interests of a legal entity with the use of illicitly acquired assets”).