On May 25, 2022, the meeting of the International Compliance Council, established under the auspices of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), was held in remote mode.
The format, which has already become traditional, brought together more than 200 experts and heads of AML/CFT units of financial organizations of the EAG member countries.
The main topic of the discussion became the work of national regulators and banks to improve financial literacy of customers in order to mitigate the risks of their involvement in fraudulent and other shadow schemes.
The participants shared their experience in detecting illegal activities of the financial market, including with the use of AML tools. The features of KYC procedures and risk management of virtual asset service providers were considered.
The participants were particularly interested in the presentation of the “Graphus” training system by the International Training and Methodology Center for Financial Monitoring (ITMCFM). The “Graphus” training system allowed the participants to develop skills in conducting financial investigations using synthetic data. Representatives of the ITMCFM also invited the participants of the Compliance Council to take part in the events of the final stage of the International Financial Security Olympiad, which will be held on October 10-14, 2022 in the “Sirius” federal territory.
