Background
The Autonomous Non-Profit Organization "International Training and Methodology Centre for Financial Monitoring" (ITMCFM) was set up on December 12, 2005 in accordance with Decree of the Government of the Russian Federation dated 21 November, 2005 No 1989.
Brief information about the Founder
A founder of the ITMCFM is the Federal Financial Monitoring Service (Rosfinmonitoring) - a federal executive body that performs the following functions: countering legalization (laundering) of proceeds from crime, financing of terrorism and financing of proliferation of weapons of mass destruction; development of state policy and legal regulation in this area; coordination of the relevant activities of other federal executive bodies, state authorities and organizations; serves as a national center for assessing national security threats arising from transactions with funds or other assets; and development of measures to counter these threats.
Established in accordance with Decree of the President of the Russian Federation dated March 9, 2004 No. 314 "On the System and Structure of Federal Executive Bodies" as a result of transformation of the Financial Monitoring Committee of the Russian Federation (FMC of Russia), which was set up pursuant to the Decree of the President of the Russian Federation dated November 1, 2001 No. 1263 "On the Authorized Body to Counter Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism ", and it became operational on February 1, 2002.
The Federal Financial Monitoring Service reports directly to the President of the Russian Federation.
ITMCFM objectives:
The purpose of the ITMCFM activities, in accordance with Decree of the Government of the Russian Federation dated June 1, 2016 No. 1072-r, is to ensure participation of the Russian Federation in the activities of the Financial Action Task Force (FATF), FATF-Style Regional Bodies (FSRBs), including the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), the Egmont Group of Financial Intelligence Units, the Council of Heads of Financial Intelligence Units of the CIS Member States and other international organizations dealing with issues of combating legalization (laundering) of proceeds from crime, and financing of terrorism, as well as to ensure the joint activities of educational and scientific organizations - participants of the International Network AML/CFT Institute (hereinafter INI), including:
- organizational and technical support of Russia’s participation in international events in the area of combating legalization (laundering) of proceeds from crime and financing of terrorism;
- organizing and conducting training and methodology events on the issue of combating legalization (laundering) of proceeds from crime and financing of terrorism, including through implementation of educational programs for additional professional education;
- organizing and conducting research activities, mutual evaluation procedures and expertise in the field of combating legalization (laundering) of proceeds from crime and financing of terrorism;
- information support of Russia’s international activities in the field of combating legalization (laundering) of proceeds from crime and financing of terrorism;
- provision of technical assistance to the partner states of the Russian Federation by transferring knowledge and experience to develop institutional and personnel capacity in the field of combating legalization (laundering) of proceeds from crime and financing of terrorism, including technological infrastructure formation and ensuring participation of representatives of these states in international events;
- conducting professional and public accreditation of professional educational programs in the field of combating legalization (laundering) of proceeds from crime and financing of terrorism;
- organization and coordination of interaction between educational and scientific organizations - participants of the International Network AML/CFT Institute;
- organization of training and methodology, informational and analytical support of the International Network AML/CFT Institute’s activities in cooperation with educational and scientific organizations - members of the International Network AML/CFT Institute.