On October 10, 2022, the 20th meeting of the Council of Heads of Financial Intelligence Units of the CIS Member States was held on the “Sirius” federal territory (Russian Federation).
Traditionally, the focus of attention of financial intelligence officers is the fight against the financing of terrorism, including through the suppression of the misuse of non-profit organizations for illegal purposes.
The meeting participants discussed measures to minimize the risks of criminal use of new technologies, in particular, cryptocurrencies. They agreed that the registries of cryptocurrency exchanges and wallets would allow the accumulation of relevant information necessary for conducting financial investigations on this topic.
In addition, the results of the first meeting of the expert group on considering the Agreement on Establishment of the International ML/TF Risk Assessment Center were reviewed.
The Russian Federation shared its experience in monitoring the targeted spending of budget funds. The system was introduced in Russia at the end of 2015 and is being improved in order to eliminate loopholes for criminals.
During the event, the date and venue of the next CIS CHFIU meeting were determined.