Russia regulates AML/CTF through the Federal Financial Monitoring Service (Rosfinmonitoring) under Federal Law No. 115-FZ of 2001. See the supervisors, the obligations on reporting entities, and how MemberCheck supports them.
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Russia regulates AML/CTF through the Federal Financial Monitoring Service, known as Rosfinmonitoring, which is both the country's financial intelligence unit and its principal AML/CTF supervisor. It conducts financial intelligence investigations, collects data, and monitors the transactions of controlled entities under the AML law. The Central Bank of Russia regulates credit and non-credit financial institutions alongside it, and the Federal Tax Service, Federal Bailiff Service and Federal Customs Service supervise within their own competences.
Federal Law No. 115-FZ of 7 August 2001 is the principal statute. It applies to a defined list of entities rather than to all businesses: banks and non-banking credit institutions, professional participants in the securities market, insurance and leasing companies, and postal and other non-credit institutions that handle money transmission. Reporting entities must identify their customers, monitor transactions for suspicious activity, freeze assets where required, and implement internal regulations, an internal risk assessment programme built against Rosfinmonitoring criteria, and a named AML compliance officer.
Russia's FATF membership was suspended in February 2023, and it remains an EAG member. Suspension changes the peer review position rather than the obligations, and for firms with Russian exposure the practical effect runs the other way: Russia is among the most heavily sanctioned jurisdictions in the world, so the designation lists that matter here change more often than almost anywhere else.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Russia's financial intelligence unit and principal AML/CTF supervisor. It conducts financial intelligence investigations, collects data, and monitors the transactions of controlled entities under the AML law.
The principal statute, adopted 7 August 2001, on combating the legalization (laundering) of proceeds from crime and the financing of terrorism. It defines the reporting entities it covers and the duties they carry.
The Central Bank of Russia regulates credit and non-credit financial institutions and carries explicit responsibility for reducing money laundering and terrorist financing risk in the financial sector. The Federal Tax Service, Federal Bailiff Service and Federal Customs Service supervise within their own competences.
The Federal Financial Monitoring Service, known as Rosfinmonitoring, is the main AML/CTF supervisory authority and Russia's financial intelligence unit. It conducts financial intelligence investigations, collects data, and monitors the transactions of controlled entities under the AML law. Several other authorities supervise within their own competences: the Central Bank of Russia, the Federal Tax Service, the Federal Bailiff Service and the Federal Customs Service.
Federal Law No. 115-FZ, adopted on 7 August 2001, on combating the legalization (laundering) of proceeds from crime and the financing of terrorism. It sets out a defined list of entities that fall under the AML regime and the identification, monitoring, reporting and internal control duties they carry.
The AML law applies to a defined list rather than to all businesses. It covers banks and non-banking credit institutions, professional participants in the securities market, insurance and leasing companies, and postal and other non-credit institutions that handle money transmission.
Russia's FATF membership was suspended in February 2023. It remains a member of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG). Suspension does not remove a jurisdiction's obligations, and it does not reduce the diligence expected of firms with Russian exposure. If anything it raises it, because the country is no longer subject to the same peer review process.
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision. Russia is among the most heavily sanctioned jurisdictions in the world, so screening against current designation lists is the part of the obligation that changes most often.
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