FATF-style regional bodies
Eight FATF-style regional bodies (FSRBs) have been established for the purpose of disseminating international standards (40+9 FATF Recommendations) throughout the world.
The main task of the regional bodies is to devise systems for combating money laundering and terrorist financing in their respective regions.
The FSRBs conduct evaluations of the AML/CFT systems of the member states and make recommendations for their improvement. The regional bodies are also involved in the study of typologies – the most common schemes used by criminals for money laundering and terrorist financing.
Based on the results of the typological research, the best practices are disseminated to the private sector, oversight and regulatory bodies, law enforcement and the scientific community.
FATF-style regional bodies:
Offshore Group of Banking Supervisors (OGBS) has functions similar to those of FSRBs.
Upcoming events
EAG Bulletin
EAG in the news
The Senate of the Parliament of Kazakhstan on Wednesday approved ratification the agreement on the Eurasian Group on Combating Money Laundering and Terrorist Financing."
The agreement has been adopted by Parliament and sent to the President in the form of the law.
The Senate of Oliy Majlis (the upper house of the Uzbek parliament) approved the law on "Agreement on the Eurasian group on combating money laundering and financing of terrorism" at the plenary session on Tuesday.