Published At Dec 5, 2017
On December 5, 2017 the ITMCFM hosted the round table «Best AML/CFT Practices». Among its participants were the representatives of the State financial intelligence service under the Kyrgyz government, commercial banks of Kyrgyzstan (BTA Bank, Kyrgyz Investment and Credit Bank, Demir Kyrgyz International Bank), Federal Financial Monitoring Service, International Training and Methodology Centre for Financial Monitoring, Compliance Council – consultative body under the Interagency commission on AML/CFT (VTB Bank, Sberbank, Tinkoff Bank).
During the round table the Rosfinmonitoring representatives shared experience in development of feedback mechanisms with the private sector (by example of the Compliance Council), and in elaboration of contactless forms of interaction and mechanisms of prevention of AML/CFT offences (Personal Account).
Representatives of the Russian banks spoke on applying a risk-based approach in banks’ compliance in the course of organization of the internal control system for AML/CFT purposes, implementation of experiment to increase access to financial services in the banking sector.
There was a lively discussion on topical issues of ML/TF risk management in the credit organizations.