MINSK, 29 October (BelTA) – CIS experts will discuss a draft agreement on setting up a council of heads of financial intelligence units of CIS member states in Minsk on 2-3 November, the press service of the CIS Executive Committee told BelTA.
Money laundering and terrorism financing are some of the major threats to the security of all countries. These crimes are international. Their suppression requires efforts of several countries to succeed. This is why the draft agreement and the draft resolution on setting up the council of heads of financial intelligence units of CIS member states have been worked out.
The council is supposed to determine priority areas of cooperation and take joint effective measures to counteract the legalization of criminal earnings. The council will also contribute to the development of common approaches to harmonizing national laws of the member states. It will work out proposals for improve the legal base of cooperation and will coordinate the interaction of financial intelligence units and other competent authorities of the CIS member states.
The council will be in charge of working out special programs and proposals for priority areas of cooperation, contributing to the assimilation of recommendations of the Financial Action Task Force on Money Laundering by CIS member states and the assimilation of nine special recommendations on fighting terrorism financing.
The council will have to step up the exchange of financial information in the collection phase, pre-trial investigation phase, court proceeding phase, and execution of judgment phase.
Once adjusted, the draft documents are supposed to be sent for consideration of the CIS Heads of State Council.
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