June 6, 2017 National scientific and practical conference was held in Rostov-on-Don


Published At Jun 15, 2017

The national scientific and practical conference “Enhancing the Effectiveness of Efforts to Raise Public Awareness of Russia’s Economic and Financial Security and of Fight against Money Laundering, Terrorist/Extremist Financing, Anti-State and other Destructive Activities” was held on June 6, 2017 in Rostov-on-Don. The event was organized jointly by the Rostov State Economic University, Russian Academy of Natural Sciences and network AML/CFT Institute with support from the Federal Financial Monitoring Service and the International Training and Methodology Centre for Financial Monitoring.

The conference was one of the activities on the calendar plan for a socially relevant project to create a nation-wide system for disseminating knowledge about economic and financial security, fight against shadow proceeds, countering financing of terrorism, extremism, anti-state and destructive activities.

The Plenary session of the conference was attended by V. Gurba, Deputy Plenipotentiary Representative of Russian President in the Southern Federal District; V. Rudoy, Deputy Governor of the Rostov Region; I. Rukavishnikova, Deputy Chair of the Legislative Assembly of the Rostov Region, Chair of the Committee on Legislation, State Building and Law and Order; A. Frolova, head of Rosfinmonitoring Human Resources and Anti-Corruption Department; Sh. Magomedov, Deputy Director for Science of the Institute of Regional Economic Studies; V. Chop, Head of Rosfinmonitoring Interregional Directorate for the Southern Federal District; and E. Butkeeva, Deputy Head of ITMCFM Department of Education and Science.

Among the conference participants were not only representatives of scientific and educational institutions but also district and regional authorities A presidential grant in support of this project was awarded to the RANS, RSEU and other universities participating in the network AML/CFT Institute.

In his welcoming speech to the participants, RSEU rector A. Albekov said that the university was one of the first to join the network AML/CFT Institute. Among its achievements was the establishment of the Department of Financial Monitoring and Financial Markets. “In 2016, the RSEU became home to the Centre for the Dissemination of Knowledge and Information on Financial and Economic Security,” – noted the rector.

In his speech, Deputy Plenipotentiary Representative of Russian President in the SFD V.Gurba drew participants’ attention to the need to involve professionals who can implement anti-corruption mechanisms. Issues of the shadow economy and counter-terrorism financing are no less relevant.

“We’ve made significant progress in building a legal framework, strengthening information exchange and increasing liability for supporting terrorist groups,” said V. Gurba.

Deputy Governor of Rostov Region V. Rudoy identified the lack of economic and financial literacy as the cause of many destructive phenomena in these areas. To improve public financial literacy, the Government of the Rostov region, financial and educational institutions and the mass media are currently implementing in number of projects in the region.

I. Rukavishnikova, Deputy Chair of the Legislative Assembly of the Rostov Region and Chair of the Committee on Legislation, State Building and Law and Order, identified four factors for improving the detection of corruption and terrorist financing offences, namely, the public’s willingness to assist law enforcement, interagency cooperation, law enforcement personnel training and development of new mechanisms to combat economic crime.

Moreover, on the margins of the event roundtable on development of ant-money laundering and counter-terrorism financing (AML/CFT) system was held.

The conference participants were actively involved in discussions, shared experience and opinions on trends and practices of AML/CFT educational system improvement, increase in financial awareness and dissemination of Russian economic and financial security knowledge.

The focus of attention was on the most pressing AML/CFT problems: corruption, terrorist and extremist activities, business activities, personnel training, information sharing, etc. During the conference, participants attended a roundtable discussion of the challenges facing AML/CFT systems.