News

29.06.2009
EAG took part in the FATF Working group meetings and Plenary session which was held June 22-26, 2009 in Lyon, France
In the framework of the meetings the following key issues were discussed: 1. Enhancing international AML/CFT cooperation in order to identify non-cooperative/ high risks jurisdictions; 2. Interim FATF report to the G20 on the consequences of the global financial and economic crisis for AML/CFT; 3. Global threat assessment of trends and typologies of money laundering and terrorist financing.
EAG took part in the FATF Working group meetings and Plenary session which was held June 22-26, 2009 in Lyon, France

In its public statement the FATF noted recent progress of Uzbekistan and Turkmenistan in restoring and building respectively national AML/CFT systems based on adoption in these jurisdictions of the AML/CFT laws. The FATF has recommended that Uzbekistan and Turkmenistan continue working closely with the EAG in order to bring their systems into compliance with the international standards.

At the same time, the FATF pointed out that the measures undertaken by these countries so far are not sufficient to fully mitigate the ML/TF risks. In this respect the FATF resumed its previous public statement released in October 2008. The statement emphasizes that Uzbekistan should bring their bylaws in compliance with the AML/CFT law and adopt corresponding bylaws.

For full text of the FATF public statement please visit: http://www.fatf-gafi.org/

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