Multilateral Cooperation

With respect to multilateral cooperation, Rosfinmonitoring, while acting in accordance with international treaties and within the scope of its authority, engages in cooperation and information exchange with the competent authorities of many different states and international organizations, with an emphasis on ensuring Russia's participation in the activities aimed at drafting and updating the international anti-money laundering and counter-terrorism financing (AML/CFT) standards, as well as activities aimed at further implementation of these standards within the economic and legal frameworks of the countries involved.

Rosfinmonitoring pursues these objectives through its involvement in the work of the Financial Action Task Force on Money Laundering (FATF), which Russia has been a member of since 2003, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL), the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), founded at the initiative of the Russian Federation in 2004, and a number of other international organizations.

With the goal of safeguarding the country's financial system and strengthening its international positions, Rosfinmonitoring is simultaneously involved in the work on developing international standards and on implementing AML/CFT initiatives and practical measures that is carried out by the FATF and its regional groups, the Egmont Group and other international organizations and structures.

Rosfinmonitoring plays an active role in developing and implementing international cooperation programs and in preparing and signing international treaties of the Russian Federation (including interagency agreements) aimed at combating money laundering and terrorist financing. The Agency conducts deep analytical work aimed at studying the relevant international experience and practice in the field of AML/CFT.

Among Russia's most notable achievements in the recent years were the country's removal from the FATF's "black" list in 2012 (a list of countries and territories not involved in the fight against money laundering) and its subsequent accession to the Group (June 2003) as a permanent member; successful defense of the evaluation report on its AML/CFT system at the FATF plenary meeting in London in June 2008; and ratification of the CIS Agreement on Combating Money Laundering and Terrorist Financing in December 2009.

In October 2019, the Russian Federation successfully defended its report as part of the FATF 4th round of mutual evaluations, entering the top five states with the most effective AML/CFT regimes. The key finding of the Report specifically note the advanced approach to conducting the national risk assessment, interagency coordination and private sector cooperation, as well as the high level of financial intelligence. As a result, the Russian Federation has been placed on regular follow-up process with the next progress scheduled for 2023.