Rosfinmonitoring (RFM)
ABOUT ROSFINMONITORING
The Federal Financial Monitoring Service (Rosfinmonitoring) is a federal executive authority that performs functions to counter the legalization (laundering) of proceeds from crime, terrorism financing, and financing of the proliferation of weapons of mass destruction, to develop state policy and regulatory framework in this area, to coordinate relevant activities of other federal executive authorities, other state bodies and organizations, as well as functions as a national center for assessing threats to national security arising from transactions (deals) with funds or other property, and for developing measures to counter these threats.
ACTIVITIES
State policy for improving the national "anti-money laundering" system is implemented in the following areas:
- Regulatory framework and coordination of AML/CFT/FPWMD system participants' activities
- International cooperation and strengthening the position of the Russian Federation in the international arena
- Collection and analysis of information
- Supervision of compliance with legal requirements
- Financial investigations and interaction with law enforcement agencies
- Personnel support and professional training
In accordance with the Regulation on the Federal Financial Monitoring Service, approved by Decree of the President of the Russian Federation dated 13.06.2012 No. 808, the Federal Financial Monitoring Service carries out, among other things:
- publishes on its official website on the Internet information about organizations and individuals included in the list of organizations and individuals for whom there is information about their involvement in extremist activities or terrorism;
- publishes on its official website on the Internet, in the established procedure, decisions of the Interdepartmental Commission on Countering Terrorism Financing;
- provides addresses of official websites on the Internet of the UN Security Council, where information is posted about organizations and individuals included in lists compiled in accordance with UN Security Council decisions of organizations and individuals associated with terrorism or the proliferation of weapons of mass destruction, or excluded from these lists: https://www.un.org/securitycouncil/ru/un-sc-consolidated-list page in Russian. (https://fedsfm.ru/documents/omu-or-terr-list)
Microfinance organizations, being subjects of compliance with Federal Law No. 115-FZ dated 07.08.2001 "On Countering the Legalization (Laundering) of Proceeds from Crime and Terrorism Financing", are obliged to:
- develop internal control rules and programs for AML/CFT purposes;
- organize appropriate internal control;
- ensure compliance with AML/CFT legislation requirements for identification of clients, client representatives, beneficiaries, and beneficial owners;
- take other internal organizational measures for these purposes.
Description of client search/verification functionality by Rosfinmonitoring lists
Brainysoft software implements the ability to search/verify clients against Rosfinmonitoring lists (provided the corresponding service is connected):
- "List of organizations and individuals for whom there is information about their involvement in extremist activities or terrorism", hereinafter referred to as "Terrorist Lists"
- "List of persons against whom the commission's decision on freezing (blocking) their funds or other property is in effect", hereinafter referred to as "IDC Lists"
- "Lists of organizations and individuals associated with terrorism or the proliferation of weapons of mass destruction, compiled in accordance with UN Security Council decisions", hereinafter referred to as "FPWMD Lists"
A database is organized for loading each separate type of List, with the ability to update them, while the update history is preserved. Updating the RFM Lists database occurs at the request of the MFO, by transferring the current list to support.brainysoft.ru or directly in the Brainysoft software interface, in the corresponding section, if access rights and service connection are available. Client search can be performed in several ways:
- During client scoring when submitting a new application (step in the Credit Pipeline (DMS))
- Manually, by clicking a button in the client card
- In batch mode, all active clients are checked after updating the RFM list database
Verification of clients or organizations for their presence in the list is performed by matching one of the following parameters:
For individuals:
- Client's passport (series and number)
- Full name + Date of birth
- Full name + Client's registration address
For legal entities:
- Organization name + Organization address
- TIN
- PSRN
The search and verification result is saved in the verification history for each client. This is necessary for further report generation, as well as Client Questionnaires according to AML/CFT requirements.
Instructions for using the client search/verification functionality by Rosfinmonitoring Lists in Brainysoft software
Batch verification of active clients by RFM Lists
In the Admin section of the main program menu, if access and connection to services are available, separate pages are provided for working with Lists.
- Rosfinmonitoring – page for working with the Terrorist List
- IDC Decision – IDC lists
- FPWMD – FPWMD lists
The main page of the corresponding List contains information:
- History of List uploads (list updates), indicating the start and end date of upload, as well as the number of records in the last List update
- Table with data on clients found during verifications, with history of result changes
If the client card is deleted, the message "Client not found" will be displayed
After each List update, according to AML/CFT requirements, it is necessary to verify all active clients.
For the Terrorist List, with standard settings, verification is launched automatically after successful List update.
For IDC and FPWMD lists, the ability to upload the list and launch verification directly through the interface is provided:
To optimize work with lists, databases for lists can be updated by managers of other MFOs, while the update date and number of records in the list will also be indicated in the update history. If you try to upload the same list, the record will not be saved.
Based on verification results, a "Verification Report" is generated. All reports are saved on the same page, in the "verification reports" section.
The report contains a list of detected clients with their data from brainysoft and the List by which the client was identified. This information is necessary for making a decision whether to consider the client as actually found or whether the indicated match may be insufficient.
Automatic batch verification launch can be replaced with manual control (button launch) on an individual basis at the MFO's request.
Verification by RFM Lists in the credit pipeline (DMS)
When configuring the Decision Making System (DMS), the ability to add verification Steps is provided:
- "Rosfinmonitoring" - terrorist list
- RFM - Blocked accounts – IDC List
- FROMU list verification – FPWMD List
The ability to make verifications blocking is provided, i.e., if client data matches data in the list according to the rules described above, the application will be rejected with the corresponding reason for refusal.
Manual client verification by RFM Lists
Brainysoft software provides the ability to verify an individual client against Lists manually. To do this, you need to go to the client card, in the "Client Verification" widget, click on the data refresh icon for the corresponding verification.
By clicking on the dropdown list, you can see the log of all verifications that have been performed on them.
