MEETING OF THE INTERAGENCY WORKING GROUP ON COMBATING ILLICIT FINANCIAL TRANSACTIONS

Published: 25.10.2019

A meeting of the Interagency Working Group on Combating Illicit Financial Transactions (IWG), chaired by Head of the Presidential Executive Office A. Vaino, was held on 24 October 2019.

A report on the outcomes of the FATF 4th round mutual evaluation of the Russian Federation was presented by Director of Rosfinmonitoring Yury Chikhanchin.
Participants also endorsed the main approaches to detecting risks of misusing budgetary funds allocated for implementation of national projects, presented by Rosfinmonitoring.

In addition, participants discussed measures to combat the abuse of bankruptcy procedures for criminal purposes, as well as agreeing on additional steps to mitigate threats posed by illicit cash transactions.

Following the meeting, proposals were prepared for improving the quality of legal regulation and interagency cooperation of federal state bodies in these areas.