REGULATIONS OF THE BANK OF RUSSIA NO. 886-P OF JUNE 25, 2026 ON THE REQUIREMENTS FOR TARGETED INTERNAL CONTROL RULES TO COMBAT THE LEGALISATION (LAUNDERING) OF PROCEEDS FROM CRIME, FINANCING OF TERRORISM, EXTREMIST ACTIVITY AND THE FINANCING OF THE PROLIFERATION OF WEAPONS OF MASS DESTRUCTION, ON THE QUALIFICATION REQUIREMENTS FOR SPECIAL OFFICIALS RESPONSIBLE FOR THEIR IMPLEMENTATION IN ORGANISATIONS CARRYING OUT TRANSACTIONS WITH MONETARY FUNDS OR OTHER PROPERTY, THE REGULATION, CONTROL AND SUPERVISION OF WHICH IN ACCORDANCE WITH THE LEGISLATION OF THE RUSSIAN FEDERATION IS CARRIED OUT BY THE BANK OF RUSSIA, AND ON THE PROCEDURE FOR INFORMING ORGANISATIONS CARRYING OUT TRANSACTIONS WITH MONETARY FUNDS OR OTHER PROPERTY THAT ARE MEMBERS OF A BANKING GROUP OR BANKING HOLDING ABOUT THE INTRODUCTION OF THE BAN SPECIFIED IN PART TWO OF ARTICLE 13 OF FEDERAL LAW NO. 115-FZ OF AUGUST 7, 2001 ON COUNTERING THE LEGALISATION OF ILLEGAL EARNINGS (MONEY LAUNDERING) AND THE FINANCING OF TERRORISM
These Regulations shall establish the following on the basis of Paragraph Thirteen of Item 2 and Paragraph Four of Item 2.1 of Article 7 of Federal Law No. 115-FZ of August 7, 2001 on Countering the Legalisation of Illegal Earnings (Money Laundering) and the Financing of Terrorism:
- requirements for targeted internal control rules to combat the legalisation (laundering) of proceeds from crime, the financing of terrorism, extremist activity, and the financing of the proliferation of weapons of mass destruction;
- qualification requirements for special officials responsible for the implementation of targeted internal control rules to combat the legalisation (laundering) of proceeds from crime, the financing of terrorism, extremist activity, and the financing of the proliferation of weapons of mass destruction in organisations carrying out transactions with funds or other property specified in Article 5 of Federal Law No. 115-FZ of August 7, 2001 on Countering the Legalisation of Illegal Earnings (Money Laundering) and the Financing of Terrorism, the regulation, control, and supervision of which is carried out by the Bank of Russia in accordance with the legislation of the Russian Federation;
- procedure for informing organisations that carry out transactions with cash or other property, which are members of a banking group or banking holding, about the introduction of the ban specified in Part Two of Article 13 of Federal Law No. 115-FZ of August 7, 2001 on Countering the Legalisation of Illegal Earnings (Money Laundering) and the Financing of Terrorism.
Chapter 1. Requirements for Targeted Internal Control Rules to Combat the Legalisation (Laundering) of Proceeds From Crime, the Financing of Terrorism, Extremist Activities and the Financing of the Proliferation of Weapons of Mass Destruction
1.1. The target internal control rules for combating the legalisation (laundering) of proceeds from crime, the financing of terrorism, extremist activity and the financing of the proliferation of weapons of mass destruction (hereinafter respectively referred to as the "AML/CFT/ED/FROMU, target internal control rules") shall be approved by the sole executive body of the parent credit institution of the banking group or the parent organisation of the banking holding, which is an organisation that carries out transactions with funds or other property (hereinafter referred to as the "parent organisation").
1.1.1. Targeted internal control rules shall be developed in the form of a comprehensive document (or set of documents) regulating the activities of the parent organisation and organisations that are part of the banking group (bank holding company) and that carry out transactions with cash or other property and that have joined the target internal control rules (hereinafter referred to as the "organisation that is a member of the banking group (bank holding company)", when jointly referred to as the "organisation"), on the exchange and use of information and documents received in accordance with Item 1.5-4 of Article 7 of Federal Law No. 115-FZ of August 7, 2001 on Countering the Legalisation of Illegal Earnings (Money Laundering) and the Financing of Terrorism (hereinafter respectively referred to as "Federal Law No. 115-FZ", "information and documents"), as well as on the storage of information and documents received during the exchange.
If the target internal control rules are developed in the form of a set of documents, they must contain a list of documents included in its composition.
1.1.2. The procedure for developing target internal control rules, amending target internal control rules, and submitting them for approval to the sole executive body of the parent organisation shall be determined by the parent organisation.
1.1.3. In particular, the following programmes shall be included in the target internal control rules:
- programme for organising work on implementing targeted internal control rules within a banking group (bank holding company);
- programme for integrating member organisations of a banking group (bank holding company) into targeted internal control rules;
- programme that defines requirements for the exchange and use of information and documents by organisations;
- programme that defines requirements for the storage of information and documents in organisations.
1.1.4. The target rules of internal control must contain provisions determining that the control functions in terms of organising the implementation of the target rules of internal control shall be assigned to the sole executive body of the parent organisation (his/her deputy) or to a member of the collegial executive body of the parent organisation.
1.1.5. Targeted internal control rules must be brought into compliance with the requirements of Federal Law No. 115-FZ and regulations adopted in accordance with it not later than three months after the date of entry into force of the Federal Law amending Federal Law No. 115-FZ concerning the requirements for targeted internal control rules and (or) a regulatory act adopted in accordance with it and affecting the requirements for targeted internal control rules, unless otherwise expressly established by the relevant federal law or regulatory act.
1.2. The following regulation shall be included in the program for organising work on the implementation of targeted internal control rules in a banking group (bank holding company):
1.2.1. Regulations on the determination by the governing body of the parent organisation, governing bodies that have made the decision to accede to the target rules of internal control of organisations that are members of a banking group (banking holding) of a special official responsible for the implementation of the target rules of internal control (hereinafter referred to as the "responsible employee"), which may be one of the following employees of the organisation:
- a special official responsible for the implementation of the organisation's internal control rules for AML/CFT/ED/CFMD;
- a special official responsible for the implementation of targeted internal control rules (if the organisation decides to assign the implementation of targeted internal control rules to the competence of a specially appointed employee without creating an independent unit for the implementation of targeted internal control rules);
- head of an independent unit for the implementation of targeted internal control rules (if the organisation decides to create such an independent unit).
1.2.2. Regulations on assigning the duties of a responsible employee of a credit institution, branch of a foreign bank through which a foreign bank carries out activities on the territory of the Russian Federation (hereinafter referred to as the "branch of a foreign bank"), during his/her absence, to another employee of the credit institution, a branch of a foreign bank that meets the qualification requirements for a responsible employee for combating the legalisation (laundering) of proceeds from crime and the financing of terrorism (hereinafter referred to as "AML/CFT"), established by Direction of the Central Bank of Russia No. 1486-U of August 9, 2004 on the Job Specifications of Special Officials Responsible for the Observance of the Internal Control Rules with the Aim of Counteracting the Legalisation (Laundering) of Criminally Obtained Earnings and the Financing of Terrorism and Programmes for Their Realisation in Credit Organisations1 (hereinafter referred to as “Direction of the Bank of Russia No. 1486-U”).
1.2.3. Regulations on assigning the duties of a responsible employee of an organisation carrying out transactions with monetary funds or other property specified in Article 5 of Federal Law No. 115-FZ, regulation, control and supervision in the sphere of activities of which the Bank of Russia carries out in accordance with the legislation of the Russian Federation (except for credit institutions, branches of foreign banks) (hereinafter referred to as the "financial institution"), during his/her absence to another employee of such an organisation who meets the qualification requirements for a responsible employee for AML/CFT established by Direction of the Bank of Russia No. 3470-U of December 5, 2014 on the Qualifying Requirements for the Special Officials Responsible for the Compliance with the Rules of Internal Control for the Purposes of Countering the Legalisation of Illegal Earnings (Money Laundering) and the Financing of Terrorism in Non-Credit Financial Organisations2 (hereinafter referred to as "Direction of the Bank of Russia No. 3470-U").
1.2.4. Regulations that the responsible employee reports directly to the sole executive body of the organisation (his/her deputy) or a member of the collegial executive body of the organisation.
1.2.5. Regulations on the status, functions, rights and responsibilities of the responsible employee, employees of an independent unit for the implementation of targeted internal control rules (in the event that the organisation decides to create an independent unit for the implementation of targeted internal control rules).
1.2.6. Regulations establishing the procedure for reporting facts of violations of the target rules of internal control committed by employees of the organisation, which became known to them, by employees of the organisation, including the responsible employee, the head of the organisation and the employee performing internal control functions in the organisation (the head of the internal audit service and the head of the internal control service, if the organisation is a credit institution, a branch of a foreign bank).
1.2.7. The programme for organising work on the implementation of targeted internal control rules in a banking group (bank holding) may provide that in an organisation that is a financial organisation specified in Item 1 of Annex No. 1 to Regulations of the Bank of Russia No. 445-P of December 15, 2014 on the Requirements for Internal Control Rules of Non-Credit Financial Institutions for Counteracting the Legalisation (Laundering) of Illegally Gained Income and Financing of Terrorism3, the head of such a financial organisation may perform the functions of a responsible employee.
1.3. The following shall be included in the programme for joining organisations that are members of a banking group (bank holding) to the target internal control rules:
- procedure for documenting decisions of organisations that are members of a banking group (banking holding) on joining the target rules of internal control (on cancelling a previously adopted decision on joining the target rules of internal control), as well as informing organisations that are members of a banking group (banking holding) of the parent organisation of the decision taken and the appointment of a responsible employee;
- procedure for communicating information about the accession (or the cancellation of a previously adopted decision on accession) to the target internal control rules of organisations that are members of a banking group (bank holding company) by the parent organisation to the attention of organisations that are members of a banking group (bank holding company).
1.4. The following procedures shall be included in the programme defining requirements for the exchange and use of information and documents by organisations:
- procedure and methods of interaction between organisations for the purpose of exchanging and using information and documents;
- procedure for using information and documents by organisations;
- procedure for ensuring the confidentiality of information and documents in the process of their exchange and use;
- procedure for communicating the information about the existence of doubts about the reliability and accuracy of information and documents to the parent organisation by an organisation that is a member of the banking group (banking holding) and to organisations that are members of the banking group (banking holding) by the parent organisation;
- procedure for communicating the information about the consent of a client that is a natural person (about the revocation of the consent of a client who is a natural person) for the transfer and use of information and documents to organisations.
1.5. The programme defining requirements for the storage of information and documents in organisations shall include the following:
- procedure for ensuring the confidentiality of information and documents during their storage;
- procedure and timeframes for storing information and documents.
Chapter 2. Qualification Requirements for the Person Responsible for the Implementation of Targeted Internal Control Rules to Combat the Legalisation (Laundering) of Proceeds From Crime, the Financing of Terrorism, Extremist Activity and the Financing of the Proliferation of Weapons of Mass Destruction in Organisations Carrying Out Transactions with Funds or Other Property Specified in Article 5 of Federal Law No. 115-FZ of August 7, 2001 on Countering the Legalisation of Illegal Earnings (Money Laundering) and the Financing of Terrorism, Regulation, Control, and Supervision in the Sphere of Activity of Which Is Carried Out by the Bank of Russia in Accordance with the Legislation of the Russian Federation
2.1. The responsible employee of a credit institution or a branch of a foreign bank must meet the qualification requirements for the responsible employee for AML/CFT established by Direction of the Central Bank of Russia No. 1486-U.
2.2. The responsible employee of the financial organisation must meet the qualification requirements for the responsible employee for AML/CFT established by Direction of the Bank of Russia No. 3470-U, financial organisation of the relevant type of activity.
Chapter 3. Procedure for Informing Organisations That Carry Out Transactions with Cash or Other Property, Which Are Members of a Banking Group or Banking Holding, About the Introduction of the Ban Specified in Part Two of the Article 13 of Federal Law No. 115-FZ of August 7, 2001 on Countering the Legalisation of Illegal Earnings (Money Laundering) and the Financing of Terrorism
3.1. The parent organisation shall inform organisations that are members of the banking group (banking holding) of the decision taken to prohibit the exchange and use of information and documents (hereinafter, respectively, referred to as the "prohibition", the "decision to prohibit") for an organisation that is a member of the banking group (banking holding) that has allowed improper implementation of the target internal control rules not later than the next business day after receiving the order specified in Part Two of Article 13 of Federal Law No. 115-FZ from the Bank of Russia, the relevant control (supervisory) body or the federal executive body exercising functions on AML/CFT/ED/CFMD (hereinafter referred to as the "order").
3.2. The parent organisation shall send the decision on the ban in the procedure established by the target rules of internal control to organisations that are members of the banking group (bank holding).
3.3. The method provided for by Item 3.2 of these Regulations must ensure that the decision on the ban is received by all organisations that are members of the banking group (bank holding) not later than the business day following the day of its submission by the parent organisation.
3.4. Organisations that are members of a banking group (bank holding) shall ensure that a decision on the ban is made and shall also confirm to the parent organisation the receipt of such a decision not later than the business day following the day of its receipt.
3.5. Information on each case and each date of receipt of the order, as well as on each fact of sending a decision on prohibition by the parent organisation to organisations that are participants of the banking group (bank holding) shall be documented by the parent organisation in the procedure determined by it.
Chairman of the Central Bank of the Russian Federation E.S. Nabiullina
Registered by the Ministry of Justice of the Russian Federation on October 1, 2026 Registration No. 88569