The Russian government has proposed a bill granting Rosfinmonitoring access to data on transactions made through the Faster Payments System (FPS) and the National Payment Card System (NPCS), including those involving Mir cards. This move aims to bolster efforts against illegal financial activities and alleviate the burden on financial institutions.

The proposed amendments to the “anti-money laundering” law would enable Rosfinmonitoring to receive transaction information directly from NPCS, the operator of both the FPS and the Mir payment system.

Data exchange will be facilitated through personal accounts, with NPCS responsible for maintaining data confidentiality. The specific procedures for this exchange will be outlined in an agreement between Rosfinmonitoring and NPCS, coordinated with the Central Bank.

The government anticipates that this measure will enhance the effectiveness of combating illicit financial transactions.