National Terrorist Financing Risk Assessment

The Russian (national) system for countering the financing of terrorism (hereinafter referred to as the CFT System) contributes to the strengthening of the national security and stability of the financial sector. In connection with the existing terrorist threat, which the whole world community is facing, the need for a deep understanding of the factors that cause the existence and occurrence of terrorist financing in the state (hereinafter - FT) comes out on top. At the same time, in view of the limited resources at the disposal of the national CFT system, their use and allocation should be aimed at minimizing the key risks.

In this regard, there is a need to conduct this national assessment of the risks of financing terrorism (hereinafter - NRA FT), which allows identifying those areas of illegal financial activity that should be given the highest priority, as well as identifying the most vulnerable areas of the national CFT system.

NRA FT was conducted by Rosfinmonitoring, involving its interregional subsidiaries and other participants of the national CFT system, including 7 state authorities, the Bank of Russia and 22 private sector entities, which allowed to make a comprehensive assessment of the current situation in the CFT area in the Russian Federation.

The results of NRA FT will be recommended for application and use in law enforcement and supervisory practice, when choosing specific measures to mitigate certain FT risks and when allocating resources at all levels of the national CFT system.

National terrorism financing risk assessment 2017-2018 (pdf)