Current issues related to the combating money laundering were discussed by representatives of financial intelligence units of Belarus, Kazakhstan, Russia and Tajikistan
The next scheduled event in the framework of Common Information Space of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) was held on October 25, 2012 at the Department of Financial Monitoring of the State Control Committee of Belarus. It was held in the video conferencing mode. The main topic of discussion was the information interaction between financial intelligence units (FIUs).
The video conference was attended by representatives of the FIUs of Belarus, Kazakhstan, Russia and Tajikistan. The event format allowed the participants to discuss the organization of the information exchange, the analysis of information sharing statistics, particularities of the information exchange with jurisdictions that are not members of the Egmont Group.
Egmont Group is an informal association of leading financial intelligence units of the world with 131 members at the moment (including four new states which joined the group at the recent 20 Egmond plenary session). The Financial Monitoring Department of the State Control Committee is a full member of the Egmont Group from May 2007.
The purpose of Egmont Group is to provide a platform for effective interaction between financial intelligence units around the world to combat money laundering and terrorist financing and to assist in the implementation of domestic programs in this area. Egmont Group members have capabilities of operational information exchange in a secure way through a specialized Internet portal.
At the video conference were also discussed the unification of the information exchange, the timeliness and the quality of the provided information. The representatives of financial intelligence unit of Russia informed the participants of the video conference about their experience of application of risk-oriented approach to information exchange.
The specialists of Financial Monitoring Department of Belarus discussed with colleagues from Kazakhstan and Tajikistan the questions of conclusion of agreements on cooperation on combating money laundering and financing of terrorist activities. The Financial Monitoring Department of Belarus is planning to sign the agreement on cooperation with the Ministry of Finance of Kazakhstan at the upcoming 17th EAG Plenary and Working groups meetings that will be held from 5 to 9 November 2012 in New Delhi (India).