Federal Financial Monitoring Service Rosfinmonitoring

The Federal Financial Monitoring Service is managed by the Government of the Russian Federation.

The Federal Financial Monitoring Service carries out its activities directly and through its territorial bodies in cooperation with other federal executive bodies, executive bodies of constituent entities of the Russian Federation, local self-government bodies, public associations and other organizations.

History

2023: Increase in terorgan staff to 505

In February 2023, Russian President Putin increased the staff of Rosfinmonitoring terorgans to 505 people (+ 7% by August 2022 and + 70% by state at the time of the service's creation in 2012).

2022: 1.3 thousand criminal cases were initiated on the basis of Rosfinmonitoring materials

During 2022, according to the materials of Rosfinmonitoring (RFM), more than 6 thousand investigations in the credit and financial sector were carried out, of which more than 20% ended in the initiation of criminal cases. This was announced on March 17, 2023 by the deputy director of the RFM Oleg Krylov.

Using the department's materials, law enforcement agencies have initiated about 1,300 criminal cases. The amount of reimbursed funds exceeded 5 billion rubles. The money and property of the defendants in the amount of more than 21 billion rubles was seized, "Krylov said in an interview with AiF.

Using the materials of the department, law enforcement agencies initiated about 1300 criminal cases

According to him, the volume of suspicious financial flow emanating from Russia has decreased by about a third. At the same time, in 2022, funds worth more than 72 million rubles were frozen in the territories of foreign states. Cross-border cash flows to Western countries are declining, while flows to Arab, Central Asian and Southeast Asian countries have increased approximately fivefold.

The deputy director of the RFM noted that in 2022, cases of the use of microfinance organizations and consumer credit cooperatives for illegal purposes became more frequent. Signs of such violations were identified in relation to more than 70 organizations. During 2022, Rosfinmonitoring, together with law enforcement agencies, liquidated 11 financial pyramids, in connection with the activities of which more than 60 criminal cases were initiated. In addition, false jurists are announced, who often use legally registered organizations to create the appearance of real work. Telephone scammers continue to be active. In general, the amount of legalized criminal proceeds in 2022, according to preliminary data, amounted to more than 2.5 billion rubles.

With the spread of digital technologies in the financial sector, new types of illegal activities are emerging. The widespread use of online channels and mobile communications to serve customers increases the speed and convenience of access to financial services, but at the same time makes citizens more vulnerable to cyber fraudsters and threats of social engineering, "said Krylov, quoted by AiF[1]

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