Russian Federation's progress in strengthening measures to tackle money laundering and terrorist financing

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English

This report is an analysis of the results achieved by the Russian Federation* between October 2019 and July 2023 in addressing the technical compliance deficiencies noted in the mutual evaluation report.

The country has been re-rated on the following Recommendations.

  • Recommendation 6 has been re-rated from partially compliant to largely compliant.
  • Recommendation 7 has been re-rated from partially compliant to largely compliant.
  • Recommendation 25 has been re-rated from partially compliant to largely compliant.
  • Recommendation 15 has been re-rated from compliant to partially compliant.

*As the Russian Federation's membership to the FATF was suspended in February 2023, the follow-up process has been carried-out by the relevant FATF-style regional body - the Eurasian Group (EAG) - of which the Russian Federation is a member.

 

EAG Russian Federation Follow Up Report 2024

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Russia-EAG-FUR-2024.pdf
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418 KB
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Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Russian Federation Follow-Up Report 2023

R.1 - Assessing risk & applying risk-based approach
LC
R.2 - National cooperation and coordination
C
R.3 - Money laundering offence
LC
R.4 - Confiscation and provisional measures
LC
R.5 - Terrorist financing offence
LC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
LC
R.7 - Targeted financial sanctions related to proliferation
LC
R.8 - Non-profit organisations
LC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
LC
R.11 - Record keeping
LC
R.12 - Politically exposed persons
PC
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
LC
R.15 - New technologies
PC
R.16 - Wire transfers
PC
R.17 - Reliance on third parties
LC
R.18 - Internal controls and foreign branches and subsidiaries
LC
R.19 - Higher-risk countries
LC
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
LC
R.22 - DNFBPs: Customer due diligence
LC
R.23 - DNFBPs: Other measures
LC
R.24 - Transparency and beneficial ownership of legal persons
LC
R.25 - Transparency and beneficial ownership of legal arrangements
LC
R.26 - Regulation and supervision of financial institutions
LC
R.27 - Powers of supervisors
LC
R.28 - Regulation and supervision of DNFBPs
LC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
LC
R.31 - Powers of law enforcement and investigative authorities
C
R.32 - Cash couriers
LC
R.33 - Statistics
C
R.34 - Guidance and feedback
LC
R.35- Sanctions
LC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
LC
R.38 - Mutual legal assistance: freezing and confiscation
LC
R.39 - Extradition
LC
R.40 - Other forms of international cooperation
LC

Earlier Reports

  • 17 Dec 2019

    The Russian Federation's measures to combat money laundering and terrorist financing Russia has an in-depth understanding of its money laundering and terrorist financing risks and has established policies and laws to address these risks, but it should enhance its approach to supervision and prioritise the investigation and prosecution of complex money laundering cases, especially concerning money being laundered abroad.

  • 21 Oct 2013

    Mutual Evaluation of the Russian Federation: 6th Follow-up Report The October 2013 follow-up report contains a detailed description and analysis of the actions taken by the Russian Federation in respect of the core and key Recommendations rated partially compliant or non-compliant in the 2008 mutual evaluation report.

  • 20 Jun 2008

    Mutual Evaluation of the Russian Federation The Financial Action Task Force FATF, the Eurasian Group EAG and Moneyval have jointly assessed the anti-money laundering and counter-terrorist financing measures of the Russian Federation for compliance with the FATF standards.

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