28 May, 2022
On 25 May 2022 the Secretariat of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) together with the International Training and Methodology Centre for Financial Monitoring organised and conducted the second remote meeting of the International Compliance Council (ICC).
The main topic of the discussion was the work of national regulators and financial institutions to improve financial literacy of clients in order to reduce the risks of their involvement in fraudulent and other shady schemes.
The event was attended by about 200 participants, including representatives of the public and private sectors of the EAG member states.
The participants, representing 9 EAG member-states, shared their experience in detection of illegal activities on the financial market, including with the use of AML tools, considered peculiarities of KYC procedures, as well as management of risks of servicing virtual asset service providers. The participants were especially interested in the presentation made by the International Training and Methodology Centre for Financial Monitoring on the Grafus system, which allows to develop skills to conduct financial investigations using synthetic data.
Participants of the International Compliance Council were invited to the events (panel discussions and master classes) of the final stage of the International Financial Security Olympiad, which will take place on October 10-14 this year at the federal territory "Sirius" (Sochi city).
The results of the ICC will be reported during the 36th EAG Plenary Meeting. The next meeting of the International Compliance Council is scheduled for September 2022.