The 14th meeting of the CIS Council of Heads of Financial Intelligence Units (CHFIU), chaired by the Director of Rosfinmonitoring Yury Chikhanchin, was held in Ashgabat (Turkmenistan) on 27 November 2019. The meeting was also attended by Director of the CIS Executive Committee's Department for Cooperation in Security and Counteraction of New Challenges and Threats A. Druzhinin. The Chairman of the Financial Monitoring Service under the Ministry of Finance and Economy of Turkmenistan D. Khalbaev and Head of the Bureau for the Coordination of the Fight against Organized Crime O. Konovalov attended the meeting as observers.
Participants of the 14th CHFIU meeting summarised the results of the CHFIU's performance in Q2-3 2019 and set new goals for the inter-sessional period.
In his opening remarks to the participants, Director of Rosfinmonitoring Yu. Chikhanchin identified as CHFIU's main priorities the efforts to improve performance, cooperation and engagement, bolster the CIS member states' fight against ML/TF, and search for new tools, approaches and mechanisms in this area – including through the identification of needs and provision of technical assistance.
Informing participants on progress made in implementing the resolutions of the 13th CHFIU meeting, Head of the CHFIU Secretariat P. Livadny informed, among other things, about the ongoing monitoring procedure and updating of the registers of foreign technical companies and entities acting as their nominee partners, registration addresses, as well as banks exposed to high risk of abuse for ML purposes, conducted as part of the “Milky Way” project, with some findings being reported to law enforcement agencies.
As part of the efforts to combat terrorist financing, the implementation of the Action Plan for a regular CHFIU operation to identify persons involved in the activities of international terrorist organizations (codenamed "Barrier") is underway.
During the CHFIU meeting, the Russian Federation initiated the establishment of an International ML/TF Risk Assessment Centre, a unified secure information space intended to improve the efficiency of both individual FIUs and the CIS AML/CFT system as a whole.
Information obtained through international cooperation channels is a key material contributing to the effective functioning of Rosfinmonitoring's Risk Assessment Centre (RAC). Meanwhile, the timely reception of balanced, complete and reliable information is a very important condition for the successful detection of ML/TF/PF threats to the national security. The Risk Assessment Centre of Rosfinmonitoring (RAC) ensures implementation of key tasks of macroanalysis, identification and assessment of the ML/TF risks facing the country, and their mitigation.
To better prepare the AML/CFT systems of CHFIU member states for the emergence of new threats and challenges, as well as to develop timely countermeasures against these threats, a need to create international technological platform, RAC, which will strengthen cooperation and operational interaction among FIUs, has arisen.
Following the resolution of the CHFIU, the concept of establishing International ML/TF Risk Assessment Centre was adopted.
A. Yurov, Chief Specialist of the Laboratory for Mathematical Modelling of Complex Systems of Lebedev Physical Institute also presented a report entitled "Monitoring the Criminal Behaviour in Cryptocurrency Environment. New Threats Faced by CHFIU Member States."
The CIS Council of Heads of Financial Intelligence Units (CHFIU) was established on December 5, 2012 to coordinate cooperation among FIUs.
A list of the Council members includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan and Ukraine.