Workshop for the Supervisory Authorities of the EAG Member States

A workshop for the supervisory authorities of the EAG Member States was held in Minsk (Republic of Belarus) on 23 November 2002. The representatives of the authorities supervising the activities of financial and non-financial institutions, and employees of sectoral associations and unions (self-regulatory bodies), as well as researchers from higher education institutions participating in the International Network Institute attended the workshop.

Rosfinmonitoring and the Bank of Russia, the Ministry of Taxes and Fees and the Ministry of Justice of the Republic of Belarus, the Department of Precious Metals and Stones of the Kyrgyz Republic shared their experience in conducting ML/TF risk assessments.

The experts from the EAG Secretariat presented the application of the recommended approaches to sectoral risk assessments in terms of information collection and analysis, and the role and importance of statistical data and expert judgement, and the formation and use of the results. In addition, they shared an overview of the results of the assessment of the supervisory effectiveness in general in the world and in the EAG Member States in particular.

Representatives of the higher education institutions participating in the International Network Institute focused on specific aspects of teaching students the principles of ML/TF risk assessment and the practical application of the knowledge acquired.

The seminar was held with the organisational support of the International Training and Methodological Centre for Financial Monitoring (ITMCFM) and the Financial Monitoring Department of the State Control Committee of the Republic of Belarus.

EAG Secretariat