May 22-26, 2017 A Plenary meeting of the Eurasian group on combating money laundering and financing of terrorism (EAG) was held in Bishkek


Published At May 26, 2017

The 26th EAG Plenary and working group meetings were held in Bishkek (Kyrgyzstan) on May 22-26, 2017.

The meeting was attended by delegations from EAG member states Belarus, China, India, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Turkmenistan and Uzbekistan as well as representatives of countries and organizations holding observer status in the group.

The Plenary approved the outcome document on the common financial profile of a foreign terrorist fighter (FTF) for EAG countries, designed to improve the detection of terrorist financing.

The meeting was chaired by EAG Chairman and Director of Rosfinmonitoring Yury Chikhanchin. In his opening remarks to the Plenary, Kyrgyzstan's Deputy Prime Minister Zhenish Razakov said that without mutual support and cooperation, single countries would struggle to oppose such transnational crimes as terrorism, extremism and money laundering, as well as to improve their national anti-money laundering and counter-terrorism financing systems.

"In light of the growing threat of international terrorism, it is important for EAG member states to prepare and undertake concerted and active AML/CFT measures not only at the FIU level, but also with the involvement of law enforcement, supervisory and fiscal authorities," said Mr Razakov.

The key items of the Plenary week's agenda were linked to ISIL and other terrorists organizations’ activities. Participants stressed the need to intensify efforts aimed countering terrorism financing and to effectively implement relevant UN Security Council Resolutions.

The Eurasian Group works hard to strengthen its horizontal links with observer organizations. As part of these efforts, the Plenary week schedule included a joint EAG/CIS ATC/ITMCFM/UN CTED workshop on experience sharing in identification of foreign terrorist fighters (FTFs) and application of targeted financial sanctions against them.

EAG members and observers continue their preparations for the 2nd round of EAG mutual evaluations and review workshops on best practices in implementing international AML/CFT/PWMD standards.

Participants highlighted the key role of the International Training and Methodology Centre for Financial Monitoring (ITMCFM, Russia) in the preparations for the next round of EAG mutual evaluations and AML/CFT personnel training. In this regard, ITMCFM was urged to consider the possibility of stepping up technical assistance efforts in these areas, taking into account the capacity of other EAG training and methodology centres and donors. In turn, ITMCFM unveiled its technical assistance initiative for EAG countries that includes plans for holding AML/CFT trainings and experience sharing sessions.

EAG members briefed the Plenary on amendments to their national AML/CFT legislation and progress in conducting national risk assessment, thereby underscoring their commitment to improving the AML/CFT framework, with the focus on effectiveness.

The Plenary approved technical amendments to the 11th report on progress of Tajikistan under the procedure for its removal from the EAG follow-up process (2014), aimed at harmonizing its format.

A particular agenda item was devoted to the task of AML/CFT personnel training. As part of these efforts, the EAG established an Expert Group on the Development of the Common International Qualification Standard of AML/CFT Specialist. Participants were also informed about the work carried out by the international network AML/CFT Institute, as well as presentations from NRNU MEPhI graduates Yulia Medvedeva (Russia) and Bolot Aiga-Nish (Kyrgyzstan).
The 27th EAG Plenary meeting will be held in November 2017 in the capital of the Russian Federation, Moscow.