From July 30 to August 1, the ITMCFM conducted an internship training program in Moscow for employees of the financial intelligence unit and other relevant authorities of the Republic of Uzbekistan.
Yury Chikhanchin, Director of the Federal Financial Monitoring Service, met with the trainees and highlighted the high-level of cooperation between competent authorities of Russia and Uzbekistan, as well as their efforts taken within the scope of the International Money Laundering and Terrorist Financing Risk Assessment Center (IRAC).
During the intensive three-day program national and international expert lecturers covered:
- Identification of ML transactions, including those involving professional money launderers abroad;
- Statistical analysis and assessments in relevant areas;
- Evidence collection related to the legalization of criminal proceeds from various predicate offenses;
- Interconnection between cyber fraud, money laundering, and terrorist financing.
Participants were also presented with case studies on cyber fraud identified by banks and shared best international cooperation practices for asset recovery and financial investigations of ML cases. The colleagues shared their experience in identifying money laundering and countering cyber fraud cases.
ITMCFM expert, along with a Rosfinmonitoring representative, demonstrated to the Uzbek delegation the features of the Transparent Blockchain software product – an analytical service that facilitates effective interaction between market participants, financial institutions, and Eurasian region states within the scope of investigations and compliance efforts.
Upon completion of the internship program, trainees were awarded certificates of completion.
August 7, 2024
