The city of Indore (Republic of India) hosted a meeting of the Council of Heads of Financial Intelligence Units of the CIS Member States chaired by Director of Rosfinmonitoring Yury Chikhanchin.
Among the participants were heads and experts of financial intelligence units of the Council member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, as well as representatives of observer states, international organizations and industry cooperation bodies.
In his welcome speech, Yury Chikhanchin noted that this year the Council's activities were aimed at coordinating joint efforts to monitor and identify regional risks, prevent and suppress crimes.
“Operational situation assessment indicates the continuing threats to the region such as international terrorism, drug trafficking, and corruption offenses. Fundamentally new trends related to the virtual currency market development and digitalization are also emerging. In addition to enhancing financial inclusion, criminals are also expanding their ability to misuse information and communication technologies for their own purposes,” said the CHFIUs head.
Yury Chikhanchin underlined that the Council is taking measures to minimize the specified threats. In particular, the CHFIUs is involved in preventive operations to suppress drug trafficking, combat illegal migration, etc.
“Law enforcement authorities highlight the increased role of financial intelligence units in the fight against the global drug threat. No less important is the role of financial institutions that report on the relevant financial intelligence risks. Even now, banks, using new technological solutions, identify communication channels for drug trafficking, and link data to a specific client,” added the director of Rosfinmonitoring.
Analyzing the use of front men in digital crime is considered to be of great significance. CIS financial intelligence units constantly exchange information about individuals with signs of money mules. Young people are frequently among them.
The Council meeting also discussed the International Risk Assessment Centre’s development and certain aspects of interdepartmental and international cooperation.
