meta_id 3263103

On July 2025, the Central Bank of the Russian Federation (Bank of Russia) issued an information letter to credit institutions and non-credit financial organizations regarding the Financial Action Task Force (FATF) report "Comprehensive Update on Terrorist Financing Risks." The FATF published this report in July 2025 to enhance understanding of terrorist financing (TF) risks among competent authorities, private sector organizations, and other stakeholders. In accordance with FATF Recommendation 1 on risk assessment and risk-based approaches, financial institutions must identify and assess risks related to money laundering, terrorist financing, and financing of weapons of mass destruction proliferation, and implement effective risk-based measures to mitigate these risks. The report provides information on factors influencing the nature of TF risks, current methods for attracting, moving, storing, and using funds or other assets for TF purposes, observed and anticipated trends in TF, and a list of TF risk indicators for identifying operations conducted for TF purposes. The Bank of Russia indicated that credit institutions and non-credit financial organizations may use the report when organizing and implementing internal controls for combating money laundering, terrorist financing, extremist activity financing, and weapons of mass destruction proliferation financing. The report is available on the FATF's official website. The Russian translation has been published on the Federal Financial Monitoring Service's official website in the "FATF Documents" section. The Bank of Russia's information letter will be published on its official website. The letter was prepared in coordination with the Federal Financial Monitoring Service and signed by First Deputy Chair Dmitry Tulin.