On May 27, the 40th Plenary week of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) started in Bishkek (Kyrgyz Republic).
The Plenary week was opened by the Working Groups meetings.
Within the Working Group on Technical Assistance, the head of the ITMCFM Information Technologies Department, Igor Barinov, presented the results of the Contact Group intersessional working meetings:
- The first meeting was focused on studying EAG FIUs experience of and needs for development, implementation and maintenance of IT solutions
- The second meeting was focused on IT solutions in place and in development for remote monitoring of supervised entities and STRs operational analysis
“The Contact Group meetings allow the financial intelligence units of the EAG member states to study each other’s achievements and needs, acquire knowledge and experience in approaches to solving issues related to analytic process automation,” emphasized Igor Barinov.
The speaker also noted that the Contact Group expertise can be used to engage industrial partners with experience in developing IT solutions used to address AML/CFT analytical tasks.
During the next intersessional period, the Group will continue to study the experience of EAG Member States, including financial transactions analysis, information sharing and data quality assurance.
Reference: The Contact Group was created by decision of the 38th Plenary meeting upon the initiative of the Russian delegation to exchange accumulated experience in applying AML/CFT/CPF IT solutions. The members and principles of the Group activity were approved by the 39th Plenary meeting.
