International cooperation
In response to the growing threats to international stability and security from transnational organized crime, the international community has organized a global system to combat money laundering and terrorist financing.
Efforts of the respective international and regional AML/CFT organizations and bodies are aimed at developing and implementing international AML/CFT standards, regulating international cooperation in this field, and implementing technical assistance programs.
The international AML/CFT system is shaped by:
Efforts of the respective international and regional AML/CFT organizations and bodies are aimed at developing and implementing international AML/CFT standards, regulating international cooperation in this field, and implementing technical assistance programs.
The international AML/CFT system is shaped by:
EAG member states recognized the importance of international AML/CFT cooperation upon signing the Declaration on the establishment of the Eurasian Group on combating money laundering and financing of terrorism in Moscow on October 6, 2004. The EAG Terms of Reference define effective interaction and cooperation at the regional level and integration of EAG member states into the international AML/CFT system as the Group’s primary goal.
In this connection one of the chief objectives for the EAG is coordinating international cooperation and technical assistance programs with specialized international organizations, bodies, and interested states.
The EAG is consistently developing cooperation with various international and regional organizations and bodies tasked with combating money laundering and terrorist financing, and is conducting a dialog with individual states that have EAG observer status.
The Eurasian Group on combating money laundering and financing of terrorism (EAG) has been a FATF-style regional body with FATF observer status since February 2005.
Appropriate measures have been undertaken to bring the EAG into line with the new FATF requirements for FATF-style regional bodies. The EAG has also applied for FATF Associated Member status, which would give EAG and its members more opportunities to participate in FATF efforts.
Two EAG member states, China and Russia, are also FATF members. Russia is also a member of MONEYVAL, a European regional FATF-style body.