May 24, 2017 The 9th meeting of the CHFIU was held


Published At May 24, 2017

The 9th meeting of the Council of Heads of Financial Intelligence Units of the CIS member states (CHFIU, Council) was held on May 24, 2017 in Bishkek (Kyrgyzstan). The meeting, chaired by Rosfinmonitoring Director Yu. Chikhanchin, was attended by D. Azatyan, Head of the Financial Monitoring Centre of Armenia’s Central Bank; V. Reut, Director of the Financial Monitoring Department of Belarusian State Control Committee; A. Dzhumadildaev, Chairman of the Financial Monitoring Committee of Kazakh Finance Ministry; A. Kadyraliev, Chairman of the State Financial Intelligence Service under the Government of the Kyrgyz Republic; and F. Bilolov, Director of the Financial Monitoring Department of Tajik National Bank. A list of observers included P. Mishra, Director of Indian FIU; M. Abdyraev, Deputy Head of the CIS Anti-Terrorist Centre (ATC); N. Kyrmanov, Deputy Director of the Department for Security Cooperation and Combating New Challenges and Threats of the CIS Executive Committee; and P. Nokin, First Deputy Director of the CIS Office for Coordination of Fight against Organized Crime and other Types of Crimes.

Among the positive outcomes of CHFIU-supported cooperation highlighted by participants was a report by CHFIU Chairman and Director of Rosfinmonitoring Yu. Chikhanchin at a meeting of the UN Counter-Terrorism Committee on December 15, 2016 (New York, USA), on the efforts undertaken by the Council to detect terrorists and their accomplices operating in Eurasia. The report was based on the CHFIU members’ materials related to implementation of the ’Barrier’ operation.

The Working Group on Assessment of Risks and Threats reviewed the Russian initiative aimed at detecting, amid cross-border money transfers between CIS countries and high-risk jurisdictions, transactions linked to so-called “multi-purpose money laundering centres”, specialized in redistribution and legalization of criminal proceeds. The Concept of the operation to detect common shadow platforms was approved.

Among other issues were the development of common approaches to combating financing of proliferation of weapons of mass destruction and regulation of electronic payment systems to prevent their abuse for ML/TF.

A serious test for the Council will be its Chairman’s speech at the meeting of the CIS Council of Heads of State this November, which will include a presentation of the Concept for the development of the CIS AML/CFT system and the Council’s performance report. In this regard, the CHFIU working groups were instructed to prepare the relevant material outlining the CHFIU’s progress in combating terrorist financing and detecting cross-border “money laundering centres” and supporting infrastructure.

Participants noted that the meeting of the Council of Heads of Financial Intelligence Units of the CIS member countries was held in a spirit of mutual understanding, trust and constructive dialogue.

The next CHFIU meeting is scheduled for November in Moscow.