DUSHANBE, November 11, 2014, Asia-Plus — A meeting of the Council of Heads of the Financial Intelligence Agencies of the CIS member nations is taking place in Dushanbe today.
According to the CIS Executive Committee, the meeting is discussing fourteen issues, including a draft concept of cooperation between CIS countries’ financial intelligence agencies and the information exchange system and draft protocol on cooperation between the Council and the Eurasian Group on Combating Money Laundering and the Financing of Terrorism.
The meeting participants will also discuss the plan of actions for 2015-2016 and the plans of implementation of measures aimed at combating the financing of terrorism within the CIS area.
Financial intelligence (FININT) is the gathering of information about the financial affairs of entities of interest, to understand their nature and capabilities, and predict their intentions.
CIS set up the Council of Heads of the Financial Intelligence Agencies of the CIS member nations in 2012. The Council coordinates the efforts of CIS countries” financial intelligence agencies in countering the legalization of criminal proceeds and the financing of terrorism. The Council also ensures exchange of financial information at the stages of information gathering, preliminary investigation, court proceedings and enforcement of court rulings, and cooperation with concerned competent authorities of the CIS countries in detecting and suppressing money laundering schemes used in the illegal sector of the economy.
