Network-Based Approach to AML/CFT personnel training


Published At Dec 5, 2013

A meeting dedicated to the establishment of a network Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) Institute was held at the Federal Financial Monitoring Service on December 5, 2013.

The proposed network AML/CFT Institute will be the first institute of the kind in Russia. Originally enshrined in the Federal Law No. 273- FZ of December 29, 2012 "On Education in the Russian Federation", this approach to education allows students to combine the resources of several educational institutions to attain better academic results.

Mobile money transfers, virtual currencies and financial transactions involving a large number of companies from different countries are only some of the transaction tools AML/CFT personnel have to deal with in their daily work. This segment of the economy is in need of highly qualified personnel capable of not only countering the existing threats associated with the laundering of illicit proceeds and their use in illegal activities, but also of working proactively.

Among the issues discussed during the meeting – attended by the Director of the Federal Financial Monitoring Service, Yury Chikhanchin; Head of the Presidential Civil Service and Personnel Directorate, Anton Fedorov; Head of the Federal Agency of Scientific Organizations, Mikhail Kotyukov; and the Deputy Education Minister, Alexander Klimov – was the training of highly qualified AML/CFT personnel. A list of other contributors included heads and representatives of the leading universities and scientific and educational centres participating in the network AML/CFT Institute from Russia, Kyrgyzstan and Kazakhstan. The interest shown by CIS educational institutions in the project underscores the relevance of the issue of AML/CFT personnel training.

Appreciation and support for the idea of ​​creating a network AML/CFT Institute also came from the Ministry of Education of the Russian Federation. In his speech to the participants, Deputy Minister Alexander  Klimov identified conditions for the emergence of specialists integrated into the state anti-money laundering and terrorist financing system as a key near-term objective.

The main outcome of the meeting was the agreement on the establishment of a network AML/CFT Institute. Rosfinmonitoring Director Yury Chikhanchin stressed that the ratification of the agreement was only the beginning. Ahead of us is the hard work to build a modern and efficient system of training, retraining and advanced training of personnel for the anti-money laundering and terrorist financing system.

BACKGROUND

Universities and scientific and educational centres participating in the network AML/CFT Institute

  1. Financial University under the Government of the Russian Federation
  2. Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation
  3. Russian Academy of Natural Sciences
  4. International Training and Methodology Centre for Financial Monitoring
  5. National Research Nuclear University MEPhI
  6. Institute of Legislation and Comparative Law under the Government of the Russian Federation
  7. St. Petersburg State Polytechnic University
  8. Lobachevsky State University of Nizhny Novgorod
  9. Novosibirsk State University of Economics and Management
  10. Pacific National University
  11. Rostov State Economic University
  12. B. N. Yeltsin Ural Federal University
  13. Institute of Further Education of State and Municipal Employees of the Academy of Public Administration under the President of the Kyrgyz Republic
  14. Academician E. A. Buketov State University of Karganda
  15. Kyrgyz-Russian Slavic University named after the first President of Russia B. N. Yeltsin