Representatives from relevant units of the Federal Financial Monitoring Service (Rosfinmonitoring) participate in training sessions organized by the Secretariat of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) for the competent authorities of the Russian Federation.
The workshop, held on February 6, focused on issues related to the implementation of the updated Financial Action Task Force (FATF) Recommendations and the procedures for the upcoming round of mutual evaluations.
Additionally, it addressed changes related to asset recovery adopted by the FATF in October 2023.
Countries are required to review their asset recovery regime to ensure ongoing effectiveness, with sufficient resources allocated for this purpose.
Moreover, alongside the “traditional” method of confiscation following a court order, the FATF has introduced the concepts of extended confiscation and non-conviction-based confiscation.
The next round of mutual evaluations for the Russian Federation is scheduled to officially commence in August 2028.
