MINSK, 15 November (BelTA) – Belarus was commended for the considerable progress in countering money-laundering and financing of terrorism during the Plenary Meeting of the Eurasian group on combating money laundering and financing of terrorism (EAG), BelTA learned from the press service of the State Control Committee.
The Belarusian delegation to the 25th EAG Plenary Meeting in New Delhi, India included representatives of the Financial Monitoring Department and Financial Investigation Department of the State Control Committee, the Belarusian Prosecutor's Office, the National Bank, the Finance Ministry, and the State Security Committee (KGB). The delegation was headed by Vyacheslav Reut, Director of the Financial Monitoring Department.
Attending the event were delegations of the EAG member states, including Belarus, India, Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan, Turkmenistan and Uzbekistan, and also representatives of the countries and organizations that hold observer status in EAG.
The participants in the meeting commended Belarus for the considerable progress in eliminating problems related to money-laundering, financing of terrorism and proliferation of weapons of mass destruction. In view of this progress, EAG and FATF (Financial Action Task Force on Money Laundering) will stop monitoring Belarus for compliance of the national legislation with the AML/CFT international standards. These standards are mandatory for all countries in the world.
During the event, the UN Office on Drugs and Crime praised the system for data collection, analysis and processing used by the Financial Monitoring Department of the State Control Committee.
New Delhi hosted a meeting of the CIS Council of Heads of Financial Intelligence Units. The event was attended by representatives of the Financial Monitoring (financial intelligence) Department of Belarus. The meeting discussed the development of a methodology for supranational risk assessment in counteracting money-laundering, financing of terrorism and proliferation of weapons of mass destruction.
