On May 23, 2018 meeting of the Council of Heads of Financial Intelligence Units of CIS Member-States


Published At May 24, 2018

On May 23, 2018 in Nanjing (China) the meeting of leaders of financial intelligence units from countries of the Commonwealth of Independent States under the presidency of the Rosfinmonitoring Director Yu. Chikhanchin was held. Traditionally, apart from the leaders of the CIS FIUs, representatives of India and China took part in the event.

The agenda focused on the discussion of supranational risks and threats, definition of interagency cooperation issues, international cooperation, as well as interaction with private sector.

In his welcome speech Yu. Chikhanchin stressed that in 5 years of its work the Council had established itself as a popular platform for discussion at a high professional level of the whole range of topical issues related to the prevention of legalization of criminal proceeds, financing of terrorism and weapons of mass destruction. «I am convinced that the Council creates good opportunities for further improvement and cooperation between our countries», - marked the Head of Russian financial intelligence.

In 2018 the CHFIU has been joined by Uzbekistan represented by Mr. Mavlonov, the Head of the Department for Combating Tax, Currency Crimes and Legalization of Criminal Proceeds under the General Prosecutor's Office of the Republic of Uzbekistan.

An important area in the CHFIU work is fight against the financing of terrorism under the Plan of the CHFIU regular operation to identify persons involved in the activities of international terrorist organizations (code-named «Barrier»).

The detection in transboundary financial flow of CIS Member-States of financial operations, connected with the transfer of funds to so-called «universal laundering platforms» continues. These platforms provide redistribution and laundering of money, obtained as a result of various types of criminal activities, continues. The results of the analysis indicate that the accounts of the same foreign companies, controlled by the «professional launderers», can be used for redistribution of funds, received from some of the CIS Member-States.

In order to implement the provisions of the information exchange system Conception between the financial intelligence units of the CIS Member-States and the Cooperation Conception of the CIS Member-States in combating the legalization (laundering) of proceeds, obtained in criminal way, the financing of terrorism and the financing of weapons of mass destruction proliferation, and also according to the decision of the Council of Heads of Financial Intelligence Units of Member-States of Commonwealth of Independent States on May 23, 2018 in Nanjing Russia announced the creation of an information exchange system between the financial intelligence units of the CIS Member-States.

Moreover, the agenda included the regulation of electronic payment systems, in order to prevent their abuse for ML/TF, as well as cooperation between the CHFIU and the Secretariat of the Collective Security Treaty Organization (CSTO).