Under Presidential Decree No. 1263 from 1 November 2001 "On the authorized body to counteract the legalization (laundering) of proceeds of crime", the Committee for Financial Monitoring of Russia (Комитет Российской Федерации по финансовому мониторингу) was born. The Presidential Decree came into force on 1 February 2002. Following the adoption in September 2002 amendments to the Federal Law "On Combating Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism", The Financial Monitoring Committee (KFM of Russia) functions have been enhanced with countering terrorism financing. One of the committee's functions was to improve Russia's image in the international community: Russia at the time was in the "black list" of
FATF. Through the efforts of FMK in October 2002, Russia was removed from the "black list", and in June 2003 the Committee became a member of the FATF. On 9 March 2004, The Presidential Decree No. 314 ("On system and structure of the federal organs of the executive authority") The Committee for Financial Monitoring transformed into the Federal Service for Financial Monitoring (Rosfinmonitoring). Until September 2007 the Federal Financial Monitoring Service was administered by the
Ministry of Finance of the Russian Federation. In accordance with Presidential Decree from 24 September 2007 (No. 1274, "On Issues of the structure of federal executive authorities) The Rosfinmonitoring become subordinate directly to the
Government of the Russian Federation. According to the Decree of the
President of the Russian Federation from 21 May 2012 (№ 636; "On the structure of federal executive agencies"), the Federal Service for Financial Monitoring became under the authority of the
President of Russia. In 2022, the US company
Meta was added to the list of extremists and terrorists. == Description ==