The relevant law was published last week. According to the document, this status entails certain powers and responsibilities necessary for analyzing questionable cash flows and investigating suspicious transactions.
The law specifies the details of the financial intelligence officer’s status. Operatives will receive direct access to confidential financial data and classified information. At the same time, enhanced safeguards are provided for them. Mechanisms are being introduced to protect employees from political or commercial pressure.
Requirements for maintaining confidentiality, the principle of independence, and the protection of state secrets are specified.
A key innovation of the law is the introduction of mandatory certification for financial intelligence officers, as well as for employees of reporting entities. This refers to specialists at banks, insurance companies, financial institutions, and other organizations that are legally required to monitor and verify suspicious transactions.
The position of a financial intelligence service employee is incompatible with membership in a political party, other political organizations, or serving as a founder or member of the management of a legal entity, or engaging, directly or through a third party, in business activities or other paid work, except for scientific, teaching, athletic, or creative work.
