The Plenary week of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), chaired by Ms. Hao Jinghua (China) and co-chaired by Director of Rosfinmonitoring Yury Chikhanchin, ended in Ashgabat. In 2020, Russia will assume the presidency of the EAG.
The meeting was attended by more than 200 delegates from EAG member states (Belarus, India, Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan, Turkmenistan and Uzbekistan) and observer countries and organizations (Armenia, Iran, Italy, Mongolia, Poland, Serbia, Turkey, France, Financial Action Task Force (FATF), Egmont Group, CIS Anti-Terrorism Centre (CIS ATC), Eurasian Development Bank (EDB), European Bank of Reconstruction and Development (EBRD), International Monetary Fund (IMF), United Nations Office on Drugs in Crime (UNODC), etc.). During the Plenary week, the CIS Bureau for the Coordination of the Fight against Organized Crime and other Dangerous Types of Crimes (BCFOC) was granted observer status in the EAG.
The main theme of the meeting was the discussion of the EAG key role in mitigating threats posed by international terrorism, as well as in promoting transparency, reliability and security of national AML/CFT systems.
In the context of the successful adoption of the mutual evaluation of the Russian Federation, FATF highlighted Russia's positive experience in organizing preparatory work for the evaluation, both at interagency and international levels.
The delegates were particularly interested in the achievements of Russia’s FIU: Personal account on the website of Rosfinmonitoring to provide remote interaction with reporting entities, as well as its soon-to-be-launched new online project - Personal account for law enforcement agencies.
During the EAG Plenary meeting and meetings of the Working groups the International Training and Methodology Centre for Financial Monitoring (ITMCFM, Russia) presented ongoing projects both within the Eurasian region and beyond. The projects were focused on the ITMCFM role in the EAG mutual evaluation process, notably, assistance provided to the national AML/CFT systems in achieving compliance with the FATF standards, as well as on specialized data reference system for financial intelligence units and operational services created to support joint (international) investigations carried out by financial intelligence units and operational services of the EAG member states.
Also in Ashgabat, the EAG confirmed compliance of the Belarusian AML/CFT system with the FATF international standards, placing it in the regular follow-up process, and approved the enhanced progress report of Kyrgyzstan.
The financial investigation conducted by Interregional Department of Rosfinmonitoring in the Northwestern Federal District came second in the EAG contest for the best results achieved in AML/CFT cooperation. The main topic of FIU’s work was the role of illicit financiers who render tax avoidance, "grey" import and cashing out.
The first place went to Kyrgyzstan.
The next EAG Plenary meeting will be held in conjunction with the FATF Plenary Week in the summer of 2020 in China.