On November 25, 2020 the 6th Annual Scientific and Practical Conference of the International Network AML/CFT Institute (INI) – “AML/CFT as a Safeguard against Global and National Security Threats: Synthesis of Law, Economy and IT” – started its work. The Conference was opened by Director of Rosfinmonitoring, Chairman of the INI’s Council Yury Chikhanchin who emphasized the importance of cooperation between the scientific community and financial intelligence units, inter alia, with a view to improving the financial monitoring legal framework:
“The increase in the volume of cross-border money transfer transactions as well as the emergence of new payment tools generate a large array of data. But the growing volume of information is not the only challenge faced by the financial monitoring system. In parallel, global criminal networks intensify their activities, new ML/TF schemes emerge, terrorist activities and corrupt practices are on the rise due to illicit virtual money market operations. Electronic payment systems and cryptocurrencies are used in drug payment schemes or for legalization of drug proceeds.”
The Director of Rosfinmonitoring reminded that today’s priority is the development and implementation of information tools, technologies and systems which ensure security in the future socio-economic environment:
“Development of such AML/CFT technologies requires an effective interdisciplinary team that combines high-level scientific and practical expertise and is focused on finding digital solutions based on existing and promising technologies. It is on this basis that modern financial monitoring staff is being trained today at the Network Institute's universities.”
The Head of the Russian financial intelligence unit highlighted the special role of the International Training and Methodology Centre for Financial Monitoring (ITMCFM), which serves as the coordinator of the International Network AML/CFT Institute’s work. In November 2020, the ITMCFM celebrates its 15th anniversary.
“Today, when we congratulate our colleagues on this anniversary day, I would like to note the important role played by the Centre in the development of a deeper understanding of the FATF standards in the Eurasian region as well as in the organization of AML/CFT staff retraining. Many of our reputable and respected colleagues in the international expert community consider the ITMCFM to be a role model for other countries and regions.”
The online forum brought together over five hundred participants from all member states of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), representing universities and research institutes, financial intelligence units, law enforcement and supervisory authorities and the private sector.
Welcoming speeches addressed to the conference participants were delivered by Anatoly Seryshev, Aide to the President of the Russian Federation; Talia Khabrieva, Director of the Institute of Legislation and Comparative Law, Deputy President of the Russian Academy of Sciences (RAS); Mr. Bao Mingyou, Deputy Director of the People's Bank of China; Mr. Arjun Pradhan, Deputy Director of the FIU of India; Mikhail Kotiukov, Deputy Minister of Finance of the Russian Federation; Igor Divinsky, First Deputy Chairman of the Committee on Financial Market of the State Duma of the Federal Assembly of the Russian Federation; Mikhail Bryukhanov, Deputy Head of the Federal Agency for the Commonwealth of Independent States Affairs, Compatriots Living Abroad, and International Humanitarian Cooperation; and Sergei Teterukov, the EAG Executive Secretary.
In the course of the main plenary discussion, the presentations were made by Mikhail Strikhanov, Rector of the MEPhI National Research Nuclear University; Oleg Yastrebov, Rector of the Peoples' Friendship University of Russia; Evgeny Kolenko, Head of the Academy of the General Prosecutor’s Office of the Republic of Uzbekistan; Bakytbek Alisherov, Director of the Training and Methodology Centre of the State Financial Intelligence Service under the Government of the Kyrgyz Republic; Albert Bakhtizin, Director of the Central Economics and Mathematics Institute of the Russian Academy of Sciences; Fedor Voitolovsky, Director of the National Research Institute of World Economy and International Relations of the Russian Academy of Sciences; and Nikolay Kolachevskiy, Director of Lebedev Physical Institute.