The first meeting of the BRICS Council on Combating Money Laundering and Financing of Terrorism in the year of Russia’s presidency was held at Federal Financial Monitoring Service. The event was held in videoconference mode, according to the official website of the federal service.

The participants of the meeting discussed issues of improving the work of national anti-money laundering systems. In addition, they presented further joint measures to ensure financial security.

In addition, they considered initiatives aimed at increasing the level of transparency of financial systems, strengthening public-private partnerships, as well as involving young people in the field of financial security.

Among the projects discussed were the International Risk Assessment Centre, the Transparent Blockchain cryptocurrency transaction analysis tool, the International Financial Security Olympiad and others.

“I am confident that the expansion of the council will make a significant contribution to its work and will bring additional benefit to the anti-money laundering systems of its member countries,” said State Secretary, Deputy Director of Federal Financial Monitoring Service German Neglyad.

The parties expressed confidence that the decisions of the BRICS Council on AML/CFT will contribute to the implementation of the BRICS Economic Partnership Strategy 2025, including in terms of ensuring transparency of settlements.

Photo: Federal Financial Monitoring Service