The CIS member nations are expected to set up the international center for assessment of risks of legalization of proceeds of crime and the financing of terrorism.
The CIS Executive Committee press center says this issue was discussed at a meeting of the expert group that took place in Minsk, Belarus on May 22.
Representatives of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan and the CIS Executive Committee participated in the meeting.
“The experts reportedly considered comments and proposals received from the member nations and agreed on the draft agreement on the establishment of the international center for assessment of risks of legalization of proceeds of crime and the financing of terrorism,” says a statement released by the CIS Executive Committee.
It was reportedly decided to submit the draft agreement for consideration to the Council of Heads of State of the CIS Member Nations.
According to expert estimates, the establishment of this center will promote the improvement of cooperation between the CIS member nations in addressing the risks of legalization of proceeds of crime and the financing of terrorism.
Besides, the establishment of the center for assessment of risks of legalization of proceeds of crime and the financing of terrorism will help maintain the effective interstate information exchange between financial intelligence units and ensure carrying out supranational assessment of relevant risks.
