The Central Bank of Russia’s National Financial Board reviewed information from the Bank of Russia Board of Directors on key aspects of the regulator’s activities in Q4 2025 and considered a report on AML/CFT/CFP activities supporting the operation of the digital ruble platform in 2025. It also discussed measures to counter fraudulent transactions and considered other financial market initiatives. Discussion on fraud focused on transactions aimed at stealing money, including transfers using payment cards belonging to money mules and fraud conducted through social engineering techniques. The Board also considered the advancement of the rating industry and the launch of experimental legal regimes in the financial market, assessed the independence and quality of the audit firms that carried out the mandatory audit of the Bank of Russia’s annual financial statements, and approved its Action Plan for 2026.