A workshop to prepare Russia for the FATF mutual evaluation was held in Moscow

Published: 06.04.2018

April 4-5, 2018 – A workshop to prepare Russia for the FATF mutual evaluation was held in Moscow.

The role of expert assessors was played by representatives of the FATF Secretariat Thomas Neylan and Kristen Elizabeth Alma. The workshop, organized with support of the International Training and Methodology Centre for Financial Monitoring, was attended by representatives of the Russian ministries and agencies involved in the country's AML/CFT framework.

The first day of the workshop was held in the format of an informal, introductory meeting between members of the FATF Secretariat and representatives of the key regulatory bodies and interested agencies involved in mutual evaluation procedures. Mr Neylan and Ms Alma presented an overview of the mutual evaluation process, giving detailed explanations on technical compliance issues and sharing best practices in providing information to the FATF Secretariat. Participants took part in business game of the national AML/CFT system participants by the assessment team.

The second day of the workshop was attended by representatives of the private sector, financial and non-financial institutions, including the Bank of Russia, Russian Post, the Federal Chamber of Notaries and the Federal Chamber of Lawyers, as well as auditors, employees of real estate agencies and leasing companies, etc. Mr Neylan and Ms Alma again reviewed the process of mutual evaluations, but this time with an emphasis on the participation in it of the private sector, ending their presentation with a question-and-answer session.

According to the representatives of the FATF Secretariat, the evaluation will be followed by meetings between the assessors and representatives of government bodies and the private sector of the Russian Federation involved in mutual evaluation procedures.

Participants highlighted the importance of the event, which allowed them to learn more about the format of the forthcoming evaluation and the demands placed by assessors on public authorities and the private sector.