May 28, 2018 Outcomes of 28th EAG Plenary Meeting

Published At May 28, 2018

On May 22 – 25, 2018, the Russian delegation took part in the 28th Plenary Meeting and meetings of the Working Groups of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) held in Nanjing (the People’s Republic of China).

The EAG Chairperson Mrs. Hao Jinghua (China) chaired the Plenary. The Russian delegation was headed by the EAG Deputy Chairperson, Director of Rosfinmonitoring Yury Chikhanchin.

The event was attended by delegations of the EAG member states: Belarus, India, Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan, Turkmenistan and Uzbekistan, and representatives of the EAG observer states and organizations: Armenia, Afghanistan, Iran, Italy, Mongolia, Poland, USA, Turkey, Montenegro, France, Financial Action Task Force (FATF), Asia-Pacific Group on Combating Money Laundering (APG), Committee of Experts on Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism of the Council of Europe (MONEYVAL), Egmont Group, Asian Development Bank (ADB), Anti-Terrorism Center of the Commonwealth of Independent States (CIS ATC), World Bank (WB), Eurasian Economic Commission (EEC), Interpol, Executive Committee of Commonwealth of Independent States (CIS EC), International Monetary Fund (IMF), UN Office on Drugs and Crime (UNODC), Central Asian Regional Information and Coordination Centre for Combating Illicit Trafficking of Narcotic Drugs, Psychotropic Substances and their Precursors (CARICC), as well as representatives of the United Nations Office of Counter-Terrorism (UNOCT) and UNSC 1267 Committee Monitoring Team invited by the EAG Chairperson.

Mr. Liu Luotsin, Assistant Governor of the People’s Bank of China, and Mr. Liu Yang, Vice Governor of Jiangsu Province, delivered a welcome address to the EAG Plenary.

The key topic on the agenda of the plenary week was the assessment of Kyrgyzstan under the second round of the EAG mutual evaluations. The Plenary approved the Mutual Evaluation Report of Kyrgyzstan and the Executive Summary. The delegates noted the progress of Kyrgyzstan in improvement of its AML/CFT system since the previous evaluation. In course of discussions held on the margins of the Plenary, enhanced attention was paid to the international cooperation pursued by the country and to the use of financial intelligence by the competent authorities in ML/TF investigations. The Mutual Evaluation Report of Kyrgyzstan will be submitted to the FATF for reviewing its quality and consistency.

Pursuant to the Procedures of the EAG Second Round of Mutual Evaluations, Kyrgyzstan will present the follow-up report to the 30th EAG Plenary in May – June 2019.

The Plenary approved admission of a new observer organization – the EAG observer status was granted to the UNSC Committee’s Analytical Support and Sanctions Monitoring Team.

The Plenary considered practical CTF efforts pursued by the member states and reaffirmed the relevance and high-priority status of efforts aimed at combating terrorism and it’s financing in the Eurasian region. The Russian Federation presented the typology report entitled “Identification of Individuals Assisting Terrorist Organizations in Purchasing Tickets for Terrorist Fighters”, which was approved by the Plenary.

The Plenary noted the importance of strengthening cooperation with the Asia-Pacific Group (APG) in studying ML/TF typologies. The Plenary noted the relevance of the upcoming joint EAG/APG typology workshop (Novosibirsk, Russia, December 2018) and approved the proposals to hold jointly with APG a study titled “Financing of Terrorism with Illegal Proceeds, including the Proceeds of Organized Crime”.

The Plenary heard the presented information on amendments to the national AML/CFT legislation of the EAG member countries and on ML/TF risk assessments.

The Russian Federation announced at the Plenary the upcoming international EAG/ ITMCFM workshop “Effective Supervision as a Mechanism of Engagement of DNFBP Sectors in AML/CFT System” to be held on September 13-14, 2018 in St. Petersburg.