In the framework of the 43rd plenary session of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), the 12th competition recognizing the best cooperation among AML/CFT competent authorities of EAG member states took place.
The Republic of Belarus was declared the winner of the competition.
The laureates are:
- the Russian Federation, and
- the People’s Republic of China.
Representatives of the winning and laureate countries were congratulated by EAG Chairman Yury Chikhanchin and Chairman of the Competition Commission, Deputy Director of the Federal Financial Monitoring Service, Galina Bobrysheva.
"I sincerely congratulate the Republic of Belarus on its well-deserved victory, as well as the Russian Federation and the People’s Republic of China as honored laureates. Every year, this competition demonstrates not only the high level of professional expertise, but also the importance of effective cooperation between competent authorities of EAG member states in ensuring financial security across the Eurasian region," emphasized Mr. Chikhanchin.
Mrs. Bobrysheva noted the exceptionally high professional standard of the cases submitted for review.
"This year, the competition committee faced a difficult choice. All of the financial investigations presented demonstrated outstanding quality and impressive results. This reflects the professionalism of our teams and clearly confirms that close cooperation among competent authorities is a decisive factor in successfully combating money laundering and terrorist financing," she stated.
She further noted that Russia’s financial intelligence agencies presented a financial investigation case that led to the disruption of illegal activities conducted by popular bloggers who marketed information products and conducted businesses operations in violation of the law. Criminal proceedings were subsequently initiated by law enforcement authorities.
The competition for the best cooperation between AML/CFT competent authorities of EAG member states is intended to promote best practices and experience to enhance the effectiveness of national anti-money laundering systems and AML/CFT competent authorities.
