14 October, 2022
The EAG Secretariat held the contest for the best financial analysis of banks' compliance departments on the margins of the II International Olympiad on Financial Security in Sochi (Russian Federation).
The banks of the Republic of Belarus, Republic of India, Republic of Kazakhstan, Kyrgyz Republic, Russian Federation, Republic of Tajikistan, Turkmenistan and Republic of Uzbekistan presented the results of their financial analysis of the clients' suspicious activity related to money laundering.
The finalists selected from this stage will present their cases at the forthcoming EAG Plenary Meeting in November 2022, where the winner of the contest will be determined.
The initiative is new and will be held on an annual basis.
The competition aims to promote exchange of experience and best practices in financial monitoring, development of public-private partnership formats in the field of anti-money laundering and combating terrorist financing.