The EAG Secretariat has announced the third Contest for the best AML/CFT financial analysis among compliance officers of financial institutions of the member states of the Eurasian Group on Combating Money Laundering and Financing of Terrorism.
The annual Contest is designed to spread best practices and experience to improve the effectiveness of national AML/CFT systems and international private sector AML/CFT cooperation. The Contest generates a library of best practices to bolster the potential of regional AML/CFT cooperation. It is also a platform for demonstrating practical cases of identifying ML/TF schemes, which can be used for training and education of the national AML/CFT systems of the EAG member states.
The annual event is attended by the International Compliance Council.
The Contest has the All-Russian and international stages.
The former is designed for the members of the Compliance Council and its regional offices in Russia.
The second stage will bring together the most significant providers of financial services in the Eurasian region, that is the representatives of the International Compliance Council.
Bank officers will present their professional achievements and share the special tools and techniques for identifying high-risk activities of clients.
The finals of the third Contest for compliance officers of financial institutions of the EAG member states for the best AML/CFT financial analysis will be held in October 2024 in Sochi on the margins of the IV International Olympiad on Financial Security, in the Sirius Federal Territory.
