Financial Monitoring Department

Update date: 21 Jul 2026, 20:37

Phone: 71-212-73-07

Tasks of the Department

exercising oversight of compliance by banks, non-bank credit organizations, and payment organizations with legislative acts and internal control rules in the field of combating the legalization of proceeds from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction (hereinafter — the field);
assessing the effectiveness of systems for managing risks associated with economic sanctions;
organizing risk-based off-site and on-site supervision;
identifying high-risk operations, areas, schemes, and systemic deficiencies, as well as taking measures to mitigate the relevant risks;
assessing the risk profiles of supervised organizations and monitoring risks, taking into account the results of risk assessments at the national and sectoral levels;
preparing proposals for improving the regulatory and legal framework in the field and on sanctions compliance, including studying and implementing international standards, best practices, and recommendations of specialized international organizations;
cooperating with state bodies, international organizations, and competent authorities of foreign states on matters within the Department's competence.

Functions of the Department

off-site analysis and assessment of the activities of supervised organizations based on a risk-based approach;
organizing standard and enhanced monitoring of the activities of banks, non-bank credit organizations, and payment organizations;
collecting, consolidating, and analyzing reports, data, and other information on matters relating to the field and sanctions compliance;
conducting comprehensive and thematic on-site supervisory activities;
preparing proposals on the application of enforcement measures and sanctions in cases of violation of the requirements of legislative acts;
organizing risk assessment at the sectoral level and participating in risk assessment processes at the national level;
studying international standards and best practices, as well as preparing proposals for their implementation;
participating on behalf of the Central Bank in international cooperation and interaction on matters relating to the field and sanctions compliance;
coordinating the activities of the relevant units in the territorial main departments of the Central Bank on matters relating to the field and sanctions compliance