Russia and China exchanged experience in the field of AML/CFT

The delegation of the People’s Bank of China chaired by the new head of the Chinese financial investigation unit (CAMLMAC) Mr. Luo Yang paid a visit to Moscow from 25 to 26 September 2012.

The meeting with the Rosfinmonitoring director Yury Chikhanchin and employees of the agency was held in the framework of the visit. In this occasion the sides discussed the issues of bilateral cooperation and exchanged experience in the firld of combating money laundering and financing of terrorism (AML/CFT).

The delegation of the FIU of China also visited the International Training and Methodology Centre for Financial monitoring (ITMCFM) and got familiar with the on-going work and further plans of the Centre in the field of AML/CFT. Mr. Luo Yang and the ITMCFM management held talks on possible directions of interaction, including conducting of international events, personnel training, research work, videoconferencing system development etc.

Mr. Luo Yang stated that such mutual visits help better understand peculiarities of each other’s work and contributed into increase of AML/CFT effectiveness.