The outcome of the Forum of Representatives of the sectoral parliamentary committees of the EAG Member States

The I Forum of representatives of the sectoral parliamentary committees of the EAG Member States took place on November 23, 2022, on the margins of the 37th EAG Plenary Meeting.

The Forum was organised in line with the initiative to strengthen the EAG high level interaction with the Member States approved by the 36th Plenary in accordance to the EAG Strategy 2019-2023.

The heads and representatives of parliamentary committees on law enforcement and security and financial and international affairs, as well as heads of public law enforcement and supervisory authorities and financial intelligence units attended the Forum.

At the Forum, the parliamentarians shared their experience in developing and enforcing the laws aimed at the implementation of international AML/CFT/CPF standards, as well as in introducing mechanisms to monitor their enforcement.

The participants emphasized the necessity to deepen interaction and cooperation at the level of the parliaments in the area of anti-money laundering and terrorism financing in order to maintain the regional and global security.

Following the outcomes of the Forum, it was considered as valid, and the communication of the parliamentarians at the EAG Plenary platform was suggested to turn into permanent, as well as it was proposed to publish the presentations and speeches of the participants for reference of concerned international organizations and competent authorities of the EAG Member States.

The Forum participants approved three key thematic areas for future discussions, including the best legislative practices of the EAG Member States in the field of AML/CFT/CPF and the unified approaches to minimization of common risks in the region at the legislative level, as well as share of experience on law enforcement.

Forum adopted its Declaration of the outcomes which reflected the intention of participants to continue work on the implementation of international standards on AML/CFT/CPF at the legislative level. The Declaration is to be shortly issued to the FATF President along with the invitation to the Member States of FATF and other FSRBs to join the Forum in order to strengthen communication and experience sharing.
 

EAG Secretariat

Declaration of the outcomes
of the Forum of representatives of sectoral parliamentary committees of EAG Member States

A Forum of parliamentarians of the EAG Member States took place in Dushanbe (Republic of Tajikistan) on November 23, 2022, on the margins of the 37th Plenary Meeting of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG). The heads and representatives of relevant parliamentary committees, and law enforcement and supervisory agencies as well as financial intelligence units took part in the Forum.

The participants of the Forum stressed an obvious need to preserve non-political and technical nature of coordinated measures against money laundering, terrorism financing and proliferation financing threats to global and regional integrity of the international financial system, considering its trans-border nature, as the only possible effective mechanism of international cooperation, and the EAG as an important platform for such cooperation.

The parliamentarians emphasized their commitment to improve national legislation of their countries for effective implementation of the requirements of international standards to combat money laundering, financing of terrorism and proliferation financing.

The participants ascertained the important role of legislative authorities in regulation of social and legal relations and underlined their intention to strengthen the national AML/CFT/PF systems through development and approval of the key legislative acts.

For further cooperation and exchange of experience and best practices in implementing national strategies and adopting legislative acts on combating AML/CFT/PF, the participants of the Forum supported the initiative to continue joint activities in a similar multilateral format on a regular basis.