Home       E-mail       Contacts             Links                                                   RUS


Overview

Rosfinmonitoring Management and structure

Rosfinmonitoring powers

Interregional Departments

Activity reports





FATF

MONEYVAL

Egmont Group

EAG

Bilateral cooperation

International standards





 03/03/2008

Circular

On February 27-29, 2008 in Paris another Plenary meeting of the Financial Action Task Force (FATF) took place.

At the meeting mutual evaluation reports assessing Canada’s and Singapore’s compliance with the FATF Recommendations were discussed and adopted. The Russian delegation took an active part in this discussion.

At the meeting issues raising the FATF concern about the implementation of the overall AML/CFT regime in a number of jurisdictions were discussed.

Due to the adoption of presidential decrees in Uzbekistan on suspension of the key provisions of the AML/CFT law and on the capital amnesty, which in fact repeal the AML/CFT regime in the country, the FATF called upon Uzbekistan to work with the Eurasian Group to establish an AML/CFT regime that would meet international standards, as well as recommended all the countries to advise their financial institutions to take the risk arising from the deficiencies in Uzbekistan’s AML/CFT regime into account.

In October 2007 the same statement was made in relation to AML/CFT system of Iran. As a result, Iran started the engagement with the FATF to address its AML/CFT deficiencies.

The FATF noted the progress in establishing the AML/CFT regime in Pakistan, Turkmenistan, Sao Tome and Principe. The FATF approves of the steps taken by these jurisdictions and calls on them to continue their engagement with the international community.

The FATF experts finalized a comprehensive report on terrorist financing, which would help the countries to improve their AML/CFT systems. This report will soon be on the FATF website.


 

|  About Rosfinmonitoring  |  News  |  Normative-legal base  |  Interagency Cooperation  |  International Cooperation  |  Useful links  |

HomeE-mailContactsRUS  

Federal Financial Monitoring Service (Rosfinmonitoring)