Published At Apr 5, 2018
On April 4-5, 2018 in Moscow was held a workshop for the Russian Federation in preparation for the Financial Action Task Force on Money Laundering (FATF) mutual evaluation.
The role of expert appraises was played by representatives of the FATF Secretariat Thomas Neylan and Kristen Elizabeth Alma. The event, organized with support of the International Training and Methodology Centre for Financial Monitoring, was attended by representatives of the Russian ministries and agencies involved in the national AML / CFT system.
The first day of the workshop was held in a format of a general introductory meeting between members of the FATF Secretariat and the representatives of the key regulatory bodies and interested agencies involved in mutual evaluation procedure. Mr Neylan and Ms Alma made an overview of the mutual evaluation process, giving detailed explanations on technical compliance issues and sharing best practices in providing information to the FATF Secretariat. Also, there was held a business game, which aim was to demonstrate the process of interviewing the participants of the national AML / CFT system by the appraising team.
The second day of the workshop was attended by the representatives of the private sector, financial and non-financial institutions, including the Bank of Russia, Russian Post, the Federal Chamber of Notaries and the Federal Chamber of Lawyers, as well as auditors, employees of real estate agencies and leasing companies, etc. Mr Neylan and Ms Alma reviewed the process of mutual evaluations again, but this time with an emphasis on the participation of the private sector, and after that answered numerous questions of the meeting participants.
According to the representatives of the FATF Secretariat, before the beginning of the direct evaluative activities there will be a number of meetings between expert appraisers and representatives of the government agencies and the private sector of the Russian Federation involved in the mutual evaluation procedure.
The participants of the workshop pointed out the importance of the event, which allowed them to get acquainted with the format of the upcoming evaluation and the requirements of appraisers for the government agencies and the private sector.