President of Russia
  • Events
  • Structure
  • Videos and Photos
  • Documents
  • Contacts
  • Search
  • Search this website
President of Russia
Mobile version

President's
website
sections

  • Events
  • Structure
  • Videos and Photos
  • Documents
  • Contacts
  • Search
  • Search
  • For the Media
  • Subscribe
  • Directory
  • Version for People with Disabilities
  • YouTube Channel
  • Русский

President's
website
resources

  • President of RussiaCurrent resource
  • The Constitution of Russia
  • State Insignia
  • Send a Letter
  • Vladimir Putin’s Personal Website

Special
animal welfare
projects

  • Amur tiger
  • Beluga whale
  • Polar bear
  • Snow leopard
  • Far Eastern leopard

Legal
and technical
information

  • About website
  • Using website content
  • Personal data of website users
  • Contact website team

All content on this site is licensed under

Creative Commons Attribution 4.0 International

Presidential Executive Office2023
Events

Meeting with Head of the Federal Service for Financial Monitoring Yury Chikhanchin

Vladimir Putin had a meeting with Head of the Federal Service for Financial Monitoring Yury Chikhanchin.

November 2, 2016
20:20
Novo-Ogaryovo, Moscow Region
With Head of the Federal Service for Financial Monitoring Yury Chikhanchin.
With Head of the Federal Service for Financial Monitoring Yury Chikhanchin.

President of Russia Vladimir Putin: Mr Chikhanchin, we marked the 15th anniversary of the Financial Monitoring Service yesterday. I would like to congratulate all the employees. However, we agreed that you would tell me about the results of the service’s activities in greater detail.

Head of the Federal ServiceforFinancial Monitoring Yury Chikhanchin Chikhanchin Yury Chikhanchin YuryHead of the Federal Service for Financial Monitoring : Thank you very much, Mr President, for your congratulations. Indeed, we had a staff gathering yesterday and watched your video address. It was a gift and an assessment of our work.

Looking back, 15 years ago we probably never expected to achieve such results. You remember that our country was blacklisted back then; there were two attempts to pass the law, but first it failed in the Federation Council and later it was vetoed by the President. Some international contracts were terminated, we were not allowed to carry out transactions, some officials were even arrested at the time. What I mean to say is that we managed to fix everything.

Vladimir Putin: These are very revealing numbers – as of June 15, 2006, organised crime controlled 50 percent of private business, 60 percent of government-owned enterprises and 80 percent of the banks.

Yury Chikhanchin: That was taken from a report by the international community, when we were being blacklisted. Yes, indeed, things were really like that.

Today, of course, we have corrected the situation. Today we have met the standards required by the FATF [Financial Task Force on Money Laundering]. We are now active members of all international organisations dealing with preventing money laundering and funding terrorism.

We were able to assist our neighbours from the Eurasian group, the Central Asian nations, to set up similar systems. In fact, we have created a financial security belt.

We have been actively working on drugs, our requirements have been noted at the UN venue, we are working on ISIS, we have set up an anti-ISIS group, these are international activities.

We have achieved much in raising the financial literacy of the population. I can say that about 10,000 people engaged in banking and law enforcement have been trained in Russia. We also teach foreigners even from such remote countries as Peru, Afghanistan, Argentina and Mongolia.

We have established a networking institute uniting over 20 colleges both in Russia and abroad, where we have our chairs and teach students. At present, we have 200 foreign nationals studying with us.

We participate in different inter-agency commissions that have begun to operate, there over 30 of them. These are governmental commissions that allow us to apply the legislation and achieve real results.

If we look at the dynamics, the number of financial institutions in the country has decreased since 2000, which testifies to compliance with the law, and the volume of data provided has increased. This also is a result of compliance with the law, which we managed to achieve.

Currently, to improve the quality of our work with financial organisations, we have set up the so-called “personal office” which shows how law-abiding an enterprise is according to certain indicators, around two dozen of them. We have resolved several issues. Firstly, we have established information exchange with them, and secondly, the key thing is that we have formed a system of anti-corruption relations. That means we have separated those who do checks from the organisations being checked and monitor them remotely. If a violation occurs, we signal them, and they rectify the situation.

We have set up a compliances council where we work out major risks with bank representatives. Here are a few graphs that show how the rights we gave to the banks to independently suspend suspicious-looking transactions are working out. As a result, this year alone over 500,000 transactions were suspended, accounts closed. This shows that banks have started ridding themselves of shady schemes, cleaning out shell companies.

 To be continued.

See also

Congratulations on the 15th anniversary of the Federal Service for Financial Monitoring
November 1, 2016

Topics

  • Economy and finance
  • Fight against terrorism

Persons

  • Chikhanchin Yury

Publication status

Published in sections: News, Transcripts

Publication date: November 2, 2016, 20:20

Direct link: en.kremlin.ru/d/53189

Text version

Text
2
Photo

Share
Direct link
http://en.kremlin.ru/events/president/transcripts/53189
Share
  • VK
  • LiveJournal
  • Send by email
  • Print
Send by email

Official Website of the President of Russia:

Meeting with Head of the Federal Service for Financial Monitoring Yury Chikhanchin

http://en.kremlin.ru/events/president/transcripts/53189

Last updated at November 3, 2016, 09:50

Официальные сетевые ресурсы

Президента России

Official Internet Resources

of the President of Russia

Русский Английский
  • For the Media
  • Version for People with Disabilities
  • Telegram channel
  • YouTube Channel
  • State Insignia
  • Send a Letter
  • Vladimir Putin’s Personal Website
  • Putin. 20 years

Presidential Executive Office
2023