On November 23, Minsk (Republic of Belarus) hosted a research-to-practice workshop for supervisors of Member States of the Eurasian Group on Сombating Money Laundering and Financing of Terrorism.
The workshop was attended by officials of the supervisory authorities from Belarus, Kazakhstan, Kyrgyzstan, and Russia, as well as experts from the International Network AML/CFT Institute member universities who engage in research, organization, and implementation of sectoral ML/TF risk assessment.
Mr. Vyacheslav Reut, Director of the Financial Monitoring Department of the State Control Committee of Belarus, along with representatives of the Bank of Russia, the supervisory unit of the Federal Financial Monitoring Service, and the EAG Secretary, addressed the audience.
During the workshop, speakers presented papers on risk assessments in specific sectors of financial institutions and DNFBP, application of the findings of such assessments by reporting entities, and in supervisory activities. The audience reviewed the experience and practical approach to conducting risk assessments outlined in the EAG’s Best Practices and Recommended Approaches for Sectoral Money Laundering and Terrorist Financing Risk Assessment.
After the event, the ITMCFM will publish a compilation of the papers presented at the workshop.