Convergence of CIS Countries’ Legislation on Countering Legalization of Criminal Proceeds Discussed at Forum in Moscow

The 4^th Forum of Parliamentarians of the EAG Member States - the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) - was held in Moscow.

The Forum brought together about 200 delegates from 15 countries of the Eurasian region: MPs, representatives of financial intelligence agencies, relevant ministries and departments, and major international organizations.

The main goal of the Forum is to improve the protection of the group’s Member States from the financial threats posed by cross-border crime.

The event was attended by Secretary of the IPA CIS Permanent Commission on Defense and Security issues, Secretary of the IPA CIS Joint Commission on the Harmonization of Legislation in the field of Security and Countering New Challenges and Threats Alexander Borisov. He spoke to the Forum participants about the convergence of legislation of the CIS countries on countering the legalization of criminal proceeds and the financing of terrorism.

The event included an exchange of experience on the implementation of international recommendations into national legislation, an introduction to anti-money laundering systems, and a discussion of new legislative initiatives.