The key facts
- Putin called Rosfinmonitoring one of Russia's key economic security structures
- He noted the work on curbing terrorism financing and the development of digital technologies for analyzing transactions
- Context: as of September 1, the agency gained access to data on transfers via Mir, the Faster Payments System and the QR code
Congratulations on the agency's 25th anniversary
Russian President Vladimir Putin highly praised Rosfinmonitoring's contribution to the fight against corruption and money laundering from criminal proceeds — a congratulatory message marking the service's 25th anniversary was published on the Kremlin's website. According to the head of state, over a quarter of a century the agency has grown into one of the key structures in the field of economic security, and thanks to the professionalism of its staff, an effective system for countering financial crime has been established in the country.
Key points of the congratulation
Special attention in the telegram is given to cutting off channels of financing for terrorist, extremist and criminal groups. Putin also noted that the agency is developing digital technologies for analyzing large volumes of data on monetary transactions, promptly identifying suspicious schemes and safeguarding budget funds, and he emphasized the importance of the service's international cooperation.
Context: expanded powers
The congratulation came against the backdrop of a recent expansion of Rosfinmonitoring's capabilities, which Life.ru reported. As of September 1, the agency gained access to information on transactions made through Mir cards, the Faster Payments System and the unified QR code; the National Payment Card System is required to transmit such information. In addition, Rosfinmonitoring proposed introducing additional grounds for blocking bank accounts: the initiative provides for a temporary suspension of transactions for five working days when a client's data partially matches information on persons whose assets have been frozen. Thus, the president's high assessment was given to an agency whose oversight powers over money transfers have grown noticeably in recent months.
