Rosfinmonitoring Representatives Present Russian Financial Security Projects at a Regional Event in Bahrain

From 9 to 13 November, the 41st plenary meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF) was held in Manama (Kingdom of Bahrain).

The Russian delegation, comprising Rosfinmonitoring representatives members Boris Toropov, Alexey Samarin, and Maria Shcherbakova, took part in the event.

The Russian side presented several projects, including the study on the financing of international terrorist organizations and the International Movement on Financial Security. Rosfinmonitoring representatives also outlined Russia’s capabilities in providing technical assistance to Middle Eastern and North African countries in combating money laundering and terrorist financing — a topic of particular importance ahead of the next round of mutual evaluations of MENAFATF member states’ AML systems.

The Russian representatives invited delegates to join an online seminar on organizing and conducting financial investigations, which will take place in December at the International Training and Methodology Centre for Financial Monitoring (ITMCFM).

On the sidelines of the plenary session, the Russian delegation held a series of bilateral meetings with partner countries to discuss joint efforts in combating money laundering and terrorist financing, as well as depoliticized cooperation on relevant international platforms.

During the plenary week in Manama, a seminar was also held to share experience in preparing for mutual evaluations of AML systems and implementing updated FATF Standards. Experts from FATF, FATF-style regional bodies, member states, and observers — including the Russian delegation — took part in the seminar.