MINSK, 24 November (BelTA) - The Plenary Week of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) has commenced in Minsk, BelTA has learned.
“Events of this kind are extremely important, and our country is hosting them today. Approximately 35 delegations are taking part in the EAG plenary week. That's over 250 participants from 18 countries and more than 15 international organizations,” said Dmitry Zakharov, Director of the Financial Monitoring Department of the State Control Committee of Belarus. “In the first days, the permanent working groups will be actively working. For example, today these will be the groups on typologies and combating the financing of terrorism and crime, on technical assistance, and on mutual evaluations and legal matters.”
According to Dmitry Zakharov, the range of issues to be considered is vast, and the plenary week will be packed. “We will consider organizational matters and approve the programs for the near future. There will be discussions on setting up certain bodies within the Eurasian Group. Strategically significant issues are also on the agenda. For instance, this is the operational situation related to trends, threats, and risks in money laundering and the financing of destructive processes in the Eurasian Group member states. Progressive methods for combating these negative phenomena will be considered. We will exchange best practices because every country has its own capabilities, its own experience, and its own mechanisms. It will be very interesting to hear about this and to try to apply this information in our country,” he added.
“A separate segment will be dedicated to reviewing Belarus' progress in combating money laundering, specifically, the measures we have implemented in recent years to make our anti-money laundering system more effective. We have a lot to report and share,” Dmitry Zakharov emphasized.
He is confident that the topic of combating money laundering and the financing of terrorism is highly relevant today. “Each of us regularly reads in the press about various financial malpractice and cyber fraud. All of this falls within the anti-money laundering agencies. This is because criminals, as a rule, use financial institutions to maximize their profits from crimes. To effectively combat any financial crimes, we need a consolidated position from all state bodies and organizations that are part of national anti-money laundering systems. Therefore, the Eurasian Group is a unique opportunity to support each other and collectively fight various financial abuses,” Dmitry Zakharov concluded.
The Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) was established in 2004 with the goal of implementing joint efforts to combat financial crimes and reduce the threat of international terrorism. The EAG comprises nine member states, with 18 countries holding observer status. Nineteen international organizations and specialized agencies have observer status as well.
“Events of this kind are extremely important, and our country is hosting them today. Approximately 35 delegations are taking part in the EAG plenary week. That's over 250 participants from 18 countries and more than 15 international organizations,” said Dmitry Zakharov, Director of the Financial Monitoring Department of the State Control Committee of Belarus. “In the first days, the permanent working groups will be actively working. For example, today these will be the groups on typologies and combating the financing of terrorism and crime, on technical assistance, and on mutual evaluations and legal matters.”
According to Dmitry Zakharov, the range of issues to be considered is vast, and the plenary week will be packed. “We will consider organizational matters and approve the programs for the near future. There will be discussions on setting up certain bodies within the Eurasian Group. Strategically significant issues are also on the agenda. For instance, this is the operational situation related to trends, threats, and risks in money laundering and the financing of destructive processes in the Eurasian Group member states. Progressive methods for combating these negative phenomena will be considered. We will exchange best practices because every country has its own capabilities, its own experience, and its own mechanisms. It will be very interesting to hear about this and to try to apply this information in our country,” he added.
“A separate segment will be dedicated to reviewing Belarus' progress in combating money laundering, specifically, the measures we have implemented in recent years to make our anti-money laundering system more effective. We have a lot to report and share,” Dmitry Zakharov emphasized.
He is confident that the topic of combating money laundering and the financing of terrorism is highly relevant today. “Each of us regularly reads in the press about various financial malpractice and cyber fraud. All of this falls within the anti-money laundering agencies. This is because criminals, as a rule, use financial institutions to maximize their profits from crimes. To effectively combat any financial crimes, we need a consolidated position from all state bodies and organizations that are part of national anti-money laundering systems. Therefore, the Eurasian Group is a unique opportunity to support each other and collectively fight various financial abuses,” Dmitry Zakharov concluded.
The Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) was established in 2004 with the goal of implementing joint efforts to combat financial crimes and reduce the threat of international terrorism. The EAG comprises nine member states, with 18 countries holding observer status. Nineteen international organizations and specialized agencies have observer status as well.
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