Bilateral meeting between Yury Chikhanchin, Director of the Federal Financial Monitoring Service, and representatives of high-level delegation from Malaysia took place in Moscow.
The meeting was attended by His Excellency Abd Rahman Abu Bakar, Head of the Malaysian Delegation to the Financial Action Task Force (FATF), and Kamaruzzaman Shaari, Deputy Head of the Malaysian Financial Intelligence Unit. The Russian side was represented by German Neglyad, State Secretary – Deputy Director of the Federal Financial Monitoring Service, Ivan Uvarov, ITMCFM Director General, and heads of the relevant departments of Rosfinmpnitoring.
In his welcoming speech, Yury Chikhanchin emphasized the importance of coordinating joint efforts by countries in addressing global challenges related to money laundering and the financing of terrorism. He highlighted that the exchange of best practices within FATF-style regional bodies plays a significant role in this cooperation:
"It is important to concentrate joint efforts on mitigating shared risks affecting both Russia and Malaysia, as well as to the Eurasian region as a whole. At the same time, international fora play a key role in this process. I would like to highlight several formats of cooperation that we are implementing within the framework of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), including the International Compliance Council, the Forum of Parliamentarians of EAG Member States, and the Association of EAG FIUs Press Services."
Officials of the Federal Financial Monitoring Service presented an overview of the development of Russia’s anti-money laundering system, the engagement of the Russian financial intelligence unit with private sector stakeholders, banking industry, and professional communities. They introduced several projects currently being implemented under the auspices of the Service, including: the International Risk Assessment Center (IRAC), the Law Enforcement Agency Personal Account, the Supervisory Authority Personal Account, and the Transparent Blockchain digital service for monitoring cryptocurrency transactions.
Ivan Uvarov elaborated on the ITMCFM’s programs designed to strengthen the capacity of national AML/CFT systems, and presented the Centre’s initiative entitled the Concept of Training for Countries Preparing for the Next FATF Mutual Evaluation Round.
The delegates acknowledged the importance of international educational initiatives, such as the International Movement on Financial Security and the International Olympiad on Financial Security, in cultivating a new generation of AML/CFT professionals.
Both sides reaffirmed their commitment to deepening bilateral cooperation and exchanging expertise within the scope of their respective authorities to effectively mitigate money laundering and terrorist financing risks.
