CIS steps up cooperation against legalization of criminal earnings
According to BelTA, on 15-16 February Minsk is to host a session of a group of experts to coordinate the draft agreement on setting up a council of the heads of financial intelligence units of CIS member states.
Money laundering and terrorism financing are some of the major threats to the security of all countries. These crimes are international. Their suppression requires efforts of several countries to succeed. This is why the draft agreement and the draft resolution on setting up the council of heads of financial intelligence units of CIS member states have been worked out.
It is assumed that the council will identify priority areas of cooperation and take joint effective measures in combating money laundering and financing of terrorism, promote a unified approach to harmonization of national legislations, develop proposals to improve the legal framework for cooperation, coordinate the interaction between financial intelligence units and other competent authorities of the CIS member states.
The council will create the CIS single databank in counteracting money laundering and financing of terrorism. It will facilitate exchange of experience among financial intelligence units, including in the establishment of basic institutions of the CIS member states for training and retraining of personnel. The terms of reference of the council will also include joint research and development in the areas of mutual interest.
It is planned that after the experts finalize the documents, they will be submitted, in the prescribed manner, to the CIS Council of Heads of State.
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