Putin called for improving Rosfinmonitoring's work and completing the national financial security concept

Tasks for Rosfinmonitoring

Russian President Vladimir Putin said that the work of Rosfinmonitoring needs to be improved and its technological modernization continued in light of external threats. This is reported by Gazeta.Ru citing RIA Novosti.

Cryptocurrencies, minors and artificial intelligence

According to Putin, international criminal groups use modern technologies, including cryptocurrencies and other payment instruments to conceal criminal and shadow transactions. He also noted that criminals increasingly try to involve minors in their schemes; he named the protection of citizens — both young people and the older generation — from financial threats as the service's main task.

What this changes in practice

Several concrete directions follow from the statements: Rosfinmonitoring is to actively implement artificial intelligence and financial intelligence tools to detect threats at early stages, and to strengthen control over suspicious operations — while, as the president emphasized, not creating unnecessary difficulties for bona fide market participants. The key priority named is completing the development of the national financial security concept; its implementation should contribute to the modernization of Russia's entire anti-money laundering system. For now these are statements of objectives, not adopted regulatory decisions: the timeline and content of the concept are not disclosed in the publications.

Context

Rosfinmonitoring is a federal executive body responsible for combating money laundering, the financing of terrorism and the proliferation of weapons of mass destruction. Earlier, as Gazeta.Ru notes, the service added a 14-year-old teenager to its list of terrorists — the publication mentions this episode in the context of the topic of involving minors.