MEETING OF THE INTERAGENCY WORKING GROUP ON COMBATING ILLEGAL FINANCIAL TRANSACTIONS TOOK PLACE

Published: 24.09.2020

A regular meeting of the Interagency Working Group on Combating Illegal Financial Transactions was held on September 23, 2020 via videoconferencing, chaired by Anton Vayno, Chief of Staff of the Presidential Executive Office.

Based on information and analytical materials of the General Prosecutor’s Office, the Ministry of Justice, Ministry of Internal Affairs, the Deposit Insurance Agency, Rosfinmonitoring, and the Ministry of Foreign Affairs, the meeting participants approved a set of additional measures aimed at recovering assets from abroad which were acquired as a result of crimes committed on the territory of the Russian Federation.

The participants discussed the challenges of combating illegal financial transactions carried out with the use of cryptocurrencies and other virtual assets.

Representatives of Rosfinmonitoring, the Ministry of Internal Affairs of Russia, the Bank of Russia, the Ministry of Finance of Russia delivered their reports.

Based on the meeting outcomes, federal state authorities received specific instructions and recommendations on arranging interagency cooperation and information sharing process, as well as on preparing proposals for amendments to specific provisions of Russian legislation.