AML/CFT/CPF INTERAGENCY COMMITTEE MEETING

Published: 16.07.2020

The meeting of the Interagency Committee for Combating Money Laundering and the Financing of Terrorism and the Financing of Proliferation of Weapons of Mass Destruction, chaired by Director of Rosfinmonitoring Yury Chikhanchin, was held via video conference on 16 July 2020.

Participants discussed further steps to improve the effectiveness of Russia's AML/CFT system taking into account the Financial Action Task Force (FATF) recommendations issued following the results of the country's mutual evaluation. In particular, they discussed possible regulatory initiatives required in the context of the Plan ("Road Map") to eliminate the identified deficiencies.
Rosfinmonitoring proposed guidelines for conducting national assessment of ML/TF transaction risks.

Participants also discussed the creation within the UN of universal international legal mechanism for the recovery of criminal assets as a priority of Russia's BRICS Presidency.