Representatives of the Eurasian group took part in the OSCE discussion on the issues of combating money laundering and financing of terrorism

On February 6 Vienna (Austria) hosted the First preliminary meeting of the 20-th OSCE Economic and Environmental Forum, devoted to countering money laundering and financing of terrorism in the space of the Eurasian region.

The event was attended by the representatives of the EAG and the Rosfinmonitoring.

The agenda of the meeting included main problems, new challenges in the field of AML/CFT and the mechanisms for their prevention. The participants noted the need to increase the capacity of OSCE member states in countering money laundering and the financing of terrorism, the role of international organizations in this activities.

The experts called for the financial institutions to exchange the best practices of customer due diligence (CDD), which is an assessment of key measures for the prevention of financial crimes, and discussed the link between AML/CFT and anti-corruption.

In the course of the meeting the exchange of views on the problem of increasing the effectiveness of the procedures and modes of freezing of criminal assets with the purpose of their further confiscation was raised. The discussions touched on the problem of human trafficking and the application of the mechanisms of AML/CFT in the fight against this threat.