27-04-2020 | 14:56

Financial Action Task Force on Money Laundering (FATF), an inter-governmental body that sets international standards to counter money laundering and terrorist financing, took a favourable view of the cooperation experience between FAS and Rosfinmonitoring, uncharacteristic for financial intelligence units


Upon assessment of the work of competent bodies, FATF praised Russia highly for conformity of its anti-laundering system to the international standards.


Fulfilling the agreement, FAS and Rosfinmonitoring [the Federal Financial Monitoring Service] exchange information to combat cartels efficiently. The efforts are especially successful in the public sector: in the course of public procurement and procurement by state-run companies.


Stats-Secretary, Deputy Head of FAS Andrey Tsarikovsky commented: “Lately, interaction with Rosfinmonitoring has become an integral part of investigating cartels and other collusions by FAS. Typically, every collusion is based on financial interests, which often do not come close to surface. Sometimes cartel members can settle with each other through third parties or transfer cash to the gray market. During the pandemic, we together elaborate new methods of exposing cartels on the markets to suppress “predatory” pricing of particular companies”.

“Several cases investigated jointly by FAS and Rosfinmonitoring were presented for assessment of collaboration between Rosfinmonitoring and other government bodies and were given positive assessment”, pointed out Deputy Director of Rosfinmonitoring, Oleg Krylov.

Site Map

News & Events Press Releases Media Releases Image Library About the FAS Russia What We Do General Information Mission, Goals, Values Priority Setting Institutional Memory Stakeholders Engagement Center for Education and Methodics Our History Our Structure Powers of Head and Deputy Heads Our Ratings GCR Using our website International Cooperation Treaties & Agreements OECD Competition Committee OECD meetings 2013 OECD meetings 2014 OECD meetings 2015 OECD meetings 2016 OECD meetings 2017 OECD meetings 2018 FAS Annual Reports OECD-GVH RCC RCC Newsletter ICAP Council on Advertising Headquarters for Joint Investigations UNCTAD 13th session IGE UNCTAD Resolution Russian contributions 14th session IGE UNCTAD Resolution Russian contributions 15th session IGE UNCTAD 16th session IGE UNCTAD 17th session IGE UNCTAD 18th session IGE UNCTAD EEU Model Law on Competition ICN BRICS BRICS Conferences Documents The BRICS Competition Law and Policy Centre (BRICS Competition Centre) BRICS Working Groups for the research of competition issues in socially important markets The Working Group for Research on the Competition Issues in the Pharmaceutical Markets Chair: Russia The Working Group for Research on food value chains Chair: South Africa The Working Group for Research on the Competition Issues in the Automobile Markets Co-chaired: India, South Africa The Working Group for Research on the Competition Issues in the Digital Markets Co-chairs: Brazil, Russia BRICS Coordination Committee on antimonopoly policy EU APEC Competition Policy and Law Group Annual meetings Projects ERRA Full Members Organizational Structure Archive Working Group on Investigating Issues on Pricing in the Oil and Oil Product Markets and Methods of their Functioning Meetings Working Group for Studying Competition Problems in the Pharmaceutical Sector Working Group on Research of Competition Issues in the Market of International Telecommunications (Roaming) Document Library Legislation Reports & Analytics Cases & decisions Contacts Give feedback Contact us Links Authorities Worldwide COVID-19