Interfax's X-Compliance service becomes only Russian solution included in recommendations for country risk assessment approved by Rosfinmonitoring
MOSCOW. May 28 (Interfax) - The X-Compliance service developed by Interfax Group has become the only Russian commercial product included in the updated recommendations for assessing country risk of suspicious transactions by clients for the purpose of combating money laundering and the financing of terrorism and extremist activities, approved by the Federal Financial Monitoring Service (Rosfinmonitoring).
The new version of the document for 2026, prepared by the National Financial Market Council (NFMC), has been brought into compliance with Central Bank of Russia regulation no. 860-P dated June 18, 2025, on requirements for internal control rules of a credit institution and branch of a foreign bank through which the foreign bank operates on Russian territory, for the purposes of anti-money laundering, combatting terrorist financing, countering extremism, and countering the use of insider information and market manipulation. The updated recommendations are intended to ensure uniformity in banks' application of the provisions of clause 4.5 of the regulation when forming the risk profile of a client and the transactions they carry out in terms of assessing country risk.
The changes made to the document mainly concern the revision of recommended resources for assessing country risks, in the list of which the X-Compliance service is indicated as a source lawfully available to organizations.
"In X-Compliance, in addition to the results of the country risk assessment presented in the cards of individuals, individual entrepreneurs and legal entities, information on the presence of country risk in relation to a specific country/territory is available in the country cards," the text of the document said when describing the capabilities of the service.
X-Compliance is a specialized online publication aimed at identifying, assessing and effectively managing compliance risks in the areas of anti-money laundering and combatting terrorist financing, anti-corruption, sanctions, FATCA/CRS, combating insider trading and market manipulation.
