May 14, 2015 Conference "Fight against corruption as key to strengthening global AML/CFT system"


Published At May 14, 2015

The international scientific and practical conference "Fight against corruption as key to strengthening global AML/CFT system" was held in Moscow on May 14, 2015.

The goal of the conference, as noted in the welcoming speech by Rosfinmonitoring Deputy Director Vladimir Glotov, was to join efforts in combating corruption and money laundering, identify new approaches to dealing with these crimes, and facilitate experience sharing between representatives of various agencies, educational and scientific organizations in improving effectiveness of joint action. Mr Glotov also stressed importance of understanding the strategic objectives of the fight against corruption, which served as impetus for creation of both international anti-corruption institutions/mechanisms and national systems:

"The anti-money laundering and anti-corruption systems are the interrelated components of a single state policy. Today, Russia is an active member of the Financial Action Task Force on Money Laundering (FATF). The Group's Recommendations represent an important tool designed to strengthen fight against corruption, as well as enabling competent authorities to identify, seize and return corruption proceeds. The first FATF Recommendation states that countries should apply a risk-based approach to ensure that measures to prevent money laundering are commensurate with the risks identified. This is also important in the anti-corruption field".

The conference was attended by leading Russian and foreign experts, representatives of public authorities, Russian and international organizations, and scientific and educational institutions involved in AML/CFT personnel training. Participants discussed the current challenges associated with the fight against corruption, reviewed the most effective anti-corruption mechanisms, studied international best practices and scientific approaches to fight against corruption, examined the specifics of development and implementation of anti-money laundering and anti-corruption training programmes, and explored ways to expand international cooperation in this field.

The forum ended with the publication of conference digest.