Rosfinmonitoring is Russia's financial intelligence unit, and pursuant to Presidential Decree No. 808 dated June 13, 2012, the functions of the Federal Financial Monitoring Service include:
- disseminate information to law enforcement authorities based on sufficient grounds to suspect the transactions (deals) of being linked to legalization (laundering) of criminally gained proceeds or terrorism financing, as well as make disclosures at requests of law enforcement authorities in accordance with applicable federal laws and regulations;
- engage on behalf of the Russian Federation in cooperation with international organizations, public authorities, businesses and private individuals of foreign states on matters within its purview;
- monitor legal entities’ and individuals’ compliance with Russia's anti-money laundering and terrorist financing legislation, and prosecution of violators;
- verify the information on transactions with monetary funds or other assets, including by request of additional customer transaction data from organizations and entities carrying out transactions with monetary funds or other assets in accordance with the established procedure, as well as information about account (deposit) activity of credit institutions' customers;
- identify indicators of potential money laundering and terrorist financing activity in transactions with monetary funds or other assets;
- exercise control over transactions with monetary funds or other assets in accordance with applicable Russian laws and regulations.