Recent progress in addressing money laundering and terrorist financing in the Eurasian region

Plenary meeting of the Eurasian Group (EAG)

The GFMSA participated in the discussions at the EAG Plenary meeting, which was held in Moscow, Russia on 22-25 May, 2012.

New observers to the EAG

The EAG welcomed France and Mongolia as observers. France is a member of The GFMSA,  and Mongolia is a member of The GFMSA Style regional body, the Asia Pacific Group on Money Laundering (APG).

The EAG also welcomed the Egmont Group of Financial Intelligence Units as an observer. The Egmont Group is also an observer to The GFMSA.

Follow-up to Mutual Evaluation Reports

The EAG discussed the progress made by Kyrgyzstan, Tajikistan and Turkmenistan since the adoption of their Mutual Evaluations. Each country has made some progress in addressing the deficiencies in their mutual evaluation and will provide another follow-up report at the next Plenary meeting of the EAG. The EAG Plenary expressed hope that Kyrgyzstan will succeed in adopting its draft legislation before the next Plenary meeting.

Update on GFMSA activities

The GFMSA provided an update on recent GFMSA developments, such as the renewal of the mandate, the adoption of the new GFMSA Recommendations and the ongoing work to develop the methodology to assess compliance with the new GFMSA Recommendations.

EAG Consultative Forum

The GFMSA gave an overview of the most important changes in The GFMSA Recommendations to participants of the EAG Consultative Forum with Private Sector, which took place on 22 May. This was an opportunity to provide the private sector participants with more detailed information about how the revised Recommendations would affect their relevant sector(s). 

See also:

• Public Statement issued by the EAG.

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