A mission of experts of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) is in Belarus on a visit. On the first day, the head of the visiting mission, EAG Executive Secretary Sergey Teterukov met with First Deputy Chairman of the Belarusian State Control Committee Dmitry Basko.
The main purpose of the visit is to collect additional information and discuss the interim findings on the regional risks of money laundering and terrorist financing (ML/TF).
On 20-22 July, EAG experts are set to meet with representatives of the Belarusian law enforcement and supervisory agencies, the financial intelligence unit, the private sector, who are participants in the national anti-money laundering system.
The role of Belarus in this cooperation is important: its expertise and experience at the national level will be useful. As an example of positive practice in Belarus, Sergey Teterukov cited interagency cooperation, extensive experience in risk assessment, and a number of other special methods of law enforcement.
Vyacheslav Reut, Director of the Financial Monitoring Department of the State Control Committee, also highlighted the interaction of all agencies involved in combating money laundering and terrorist financing. These are law enforcement agencies, supervisory authorities and the private sector.
The experts' visit is part of the EAG project to assess regional money laundering and terrorist financing risks in the Eurasian region. The Financial Monitoring Department of the State Control Committee coordinates this work on behalf of Belarus.
Participation in the project to assess regional ML/TF risks will help Belarus and countries of the subregions to more accurate identify cross-border risks and develop joint measures to reduce them. The findings of the regional risk assessment will be used for updating the national money laundering and terrorist financing risk assessment.
The final report on the regional risk assessment is planned to be presented at the 35th EAG plenary meeting in November 2021.
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