Induction seminar for EAG evaluators

On September 29-30, 2005, Moscow hosted a seminar titled “Training Evaluators: Introduction to and Best Practices of Combating Money Laundering and Terrorist Financing”.

The seminar was attended by delegations of EAG member states and countries and organizations with EAG observer status – the USA, Ukraine, Georgia, Moldova, Uzbekistan, FATF, World Bank, IMF, Council of Europe, the UN Office on Drugs and Crime, and others.

Seminar participants discussed a broad range of problems involved in enforcing international and domestic AML/CFT laws, generalized the experience of implementing the FATF 40+9 Recommendations and conducting mutual evaluations by member states of MONEYVAL, and addressed issues of forming an internal control system at lending institutions. Special focus was on issues of FIU operation as the core element of the AML system and their interaction with the law enforcement.

Summing up the results of the seminar, EAG Chairman and Financial Monitoring Service chief V.A.Zubkov, pointed out its unquestionable benefit and considerable contribution to the process of establishment and operation of national AML/CFT systems, experience exchange, and training FIU and law enforcement specialists.