What is financial monitoring? Federal Financial Monitoring Service

The financial activity of individuals and economic entities is strictly regulated and strictly controlled. For an ordinary person, supervision is usually not very noticeable due to legislative features, but the enterprises feel all their charms on themselves. So what is financial monitoring?

general information

The entire existing system is tied to banks. They are subject to federal laws and regulations. In addition, the banks are engaged in the control of transactions that are carried out by their customers. The most attention in this case is paid to the turnover of money, transfers, the legality of transactions and currency transactions.

Specifically, for monitoring purposes, a financial monitoring service is created. It has the duty to ensure that all operations are legal. In case of revealing of suspicious actions or offenses, the financial monitoring service is obliged to act in accordance with the instructions and notify the relevant authorities. And they will already take the necessary significant measures. It should be understood that the bank itself can detect the suspicious activity unless it blocks the account. For something more, the Federal Financial Monitoring Service is already in charge.

Duties

What is the financial monitoring department doing? He observes and collects information in order to subsequently study the financial processes that are taking place. Federals can take decisions on the adoption of certain measures aimed at combating money laundering. And they are engaged in this at the level of the whole country.

Bank employees are engaged in the situation directly in the financial institution, where they work. The main goal of all these actions is to counteract the legalization of money, which was received by criminal and terrorist groups. Since these funds are most likely to go to support their activity, this goal deserves to be taken.

Who is involved in this process?

Financial monitoring in banks implies the involvement of a large number of employees. In addition to specialists for whom the search for money is their direct duty, cashiers, operators and managers are also involved in this process. And it is not surprising, because this issue should be approached with all attention. After all, if there are problems of this kind, this will spoil the business reputation of the financial institution.

For maximum coverage and fairness, financial monitoring is carried out by a special department, which reports directly to top management ranks. In commercial establishments, such is the board of directors. In the state these are employees of the highest rank. And the peculiarity of practical implementation is that the head of the financial monitoring department can check even the data and connections of the top management. During the audit, access to any bank document may be granted. If there is an incomprehensible situation, the regulation specifies an appeal to any employee to whom this would be appropriate.

Importance of financial monitoring in commercial establishments

Why carry out such checks? The answer lies in the fact that they perform a number of important functions, such as:

1. Ensuring the safety of the institution.
2. Control of internal and external operations through the compilation of daily reports.
3. Registration of transactions.
4. Verification of clients for involvement in terrorist or criminal structures.
5. Prevention of potential crimes.
6. Making a blacklist of people that are suspected of dubious activity.
7. Control over the implementation of laws.

This is also the responsibility of the Federal Financial Monitoring Service, but it already acts as a check controller to prevent abuse.

What is in the field of view of responsible services?

Let's talk about how to make financial monitoring pay attention to a certain operation. Initially, it should be noted that any transaction performed for more than 600 thousand rubles (or equivalent in another currency), according to the legislation of the Russian Federation, must be verified. In addition, in the field of view of controllers, such activity enters:

1. Transfers from legal entities to specific citizens (unless, of course, this is not wages, payment of fees in accordance with concluded contracts, etc.).
2. Incoming currency. Particular attention is paid to the receipt of money from abroad. And even more scrupulously the operation is studied in those cases, if the funds came from an offshore zone.
3. Receipt of money and their withdrawal in cash on the same day.
4. The withdrawal of large sums, which are conducted as repetitive one-type transactions.
5. Numerous deposits that open for a short period (less than a month), followed by closing and withdrawing cash as cash.
6. When an individual buys securities for cash.
7. Neglect of favorable terms by the client.
8. Implementation of transactions that do not have economic meaning. In this case, you can consider paying significant salaries (hundreds of thousands and millions of rubles) in firms that work at zero.
9. The impossibility of classifying parties that participate in a transaction.
10. The transfer of amounts of money to other banks that offer the worst conditions in the form of low deposit rates, take high commissions and so on.

As you can see, it is quite easy to become an object of research and interest from responsible services. This is largely due to the very significant activity of criminal elements.

What if the operation was successfully completed?

In such cases, as a rule, it is sufficient only to provide documents that will confirm the legality of the funds that are on the accounts. These can be statements of salary accounts, documents that confirm the profit obtained as a result of commercial activities, contracts of sale, inheritance or gift. You can also use copies of financial statements, tax returns, audit reports. In most cases, this is more than enough to unblock the account or the operation. True, there may be a certain hitch in responding to evidence of legality.