The key facts
- On November 5, Putin spoke at the celebration of Rosfinmonitoring's 25th anniversary at the Kremlin Palace
- According to him, foreign intelligence services and criminal groups use cryptocurrencies to cover shadow settlements
- The president particularly highlighted the involvement of minors and young people in criminal financial schemes
Address at the agency's anniversary
On November 5, Russian President Vladimir Putin arrived at the State Kremlin Palace, where a ceremonial event marking the 25th anniversary of Rosfinmonitoring took place, and addressed those gathered. This was reported by Life.ru in two separate notes about the event.
New threats and a task for the agency
The central theme of the speech was financial security. quotes the president's words. In his assessment, the organizers of such schemes increasingly try to involve minors and young people in illegal financial operations, and new payment methods make it possible to conceal the origin and purpose of funds. In this regard, Putin set Rosfinmonitoring the task of improving methods for detecting suspicious transactions, with particular attention to the service's technical equipment and the development of modern financial control tools, and also called for continuing the agency's technological modernization.
Context
Rosfinmonitoring is engaged in combating money laundering and the financing of terrorism, monitors suspicious transactions, and cooperates with law enforcement agencies. Earlier, as Life.ru notes, in his congratulatory message on the agency's anniversary Putin highly praised its contribution to the fight against corruption and terrorism, calling the service one of the key structures in the field of economic security. The outlet also mentions that from September 1 Rosfinmonitoring will be able to receive data on transfers from NSPK, although no details on this point are provided in the publications.
