The Central Bank of Russia (Bank of Russia) has published a report assessing money laundering and terrorist financing (ML/TF) risks in the financial sector over the past five years, setting out its updated view of sectoral vulnerabilities and typologies. The assessment follows a framework developed by the Bank of Russia to rate the risk level of each financial market sector under its supervision, analysing the likelihood that specific ML/TF schemes may materialise and identifying typical money laundering methods. The work takes into account Financial Action Task Force (FATF) recommendations and draws on the results of national ML/TF risk assessments, with the findings intended to improve market participants’ awareness and inform supervisory measures to reduce potential involvement of financial institutions in illegal activity.
Central Bank of Russia 2025-08-22
Central Bank of Russia publishes five-year assessment of money laundering and terrorist financing risks across supervised financial sectors
The Central Bank of Russia released a report evaluating money laundering and terrorist financing risks over five years, highlighting sectoral vulnerabilities. It uses a framework to rate risk levels across financial sectors, considering Financial Action Task Force recommendations and national assessments. The findings aim to enhance market awareness and guide measures to mitigate financial institutions' involvement in illegal activities.