A meeting of the Compliance Council – an advisory body of the Interagency Committee for Combating Money Laundering, Terrorist Financing and the Proliferation of Weapons of Mass Destruction – was held at Rosfinmonitoring on June 21, 2018 with the participation of the Bank of Russia. The meeting was attended by the heads of internal control units of major financial institutions.
The central theme of the meeting was the findings of the national risk assessment.
Participants also discussed challenges associated with suspicious transaction reporting, the latest trends in the development of illicit schemes and possible ML/TF mitigation measures.
Summing up the meeting outcomes, Galina Bobrysheva, the head of the Compliance Council and Rosfinmonitoring Deputy Director, announced plans to hold consultations with the private sector in St. Petersburg on September 14, 2018 as part of the EAG-sponsored 4th International Workshop on Supervision, inviting the Council members to participate in the event.