07/08/2025 | Press release | Distributed by Public on 07/08/2025 07:59
Head of the Federal Service for Financial Monitoring Yury Chikhanchin: Mr President, I would like to report on the performance of the national money-laundering prevention system in 2024 and to briefly outline the results and the tasks ahead.
Vladimir Putin: Yes, please go ahead.
Yury Chikhanchin: Our main objective on the international front has been to maintain our positions and prevent Russia from being placed on sanctions lists. We have managed to do this at the Financial Action Task Force meetings, and we continue expanding the formats of our international efforts. At present, we are actively engaged with around 40 countries, including BRICS nations, parliamentarians and the International Compliance Council.
With regard to BRICS, we have based our work on the Kazan Declaration, which outlines our priorities in areas such as information and communication technologies, anti-corruption efforts, combating drug trafficking, and transnational crime. We are preparing for another FATF evaluation. With your support, we have established an interagency commission - thank you very much for that.
We are building an information-sharing system among countries. Given the suspension of our participation in the Egmont Group, which unites financial intelligence units, we have launched our own programme. Thirty countries have already joined, and we are now exchanging information securely.
Together with VTB and the Central Bank, we are improving the Transparent Blockchain project, which allows us to monitor and track cryptocurrency transactions.
The International Risk Assessment Centre, a project endorsed and launched by the CIS heads of state, is also operational. So far, 19 countries have joined beyond the CIS. The centre helps identify key risks. Based on its findings, 50 international shadow platforms have been uncovered, over 600 financial investigations carried out, and more than 100 criminal cases are currently underway.
We are also working actively with China, Kazakhstan, Kyrgyzstan, Belarus and the United Arab Emirates on transactions involving foreign economic activity based on fraudulent documents. Our partners are providing very active support in this area.
To be continued.
Published in sections: News, Transcripts
Publication date: July 8, 2025, 13:00
Direct link: en.kremlin.ru/d/77410
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