INDIA ATTENDS FATF

INDIA ATTENDS FATF GROUP MEET ONLINE

Indian officials, including representatives from enforcement agencies attended the 32^nd special Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) plenary meeting

The FATF’s virtual plenary meet will be held on June 24

The Eurasian Group on Combating Money Laundering and financing of terrorism is an FATF-style regional body

Initiative to establish the EAG was first announced by the Russian Federation at the Plenary Meeting of the FATF in October 2003

Established in 2004 and is currently an associate member of the FATF

The EAG Secretariat was established on 6 October 2004 by the decision of the Inaugural Conference of the Eurasian Group on Combating Money Laundering and Financing of Terrorism

The EAG Secretariat’s personnel consist of nationals of its Member States

The founding conference was held in Moscow on October 6, 2004 and was attended by six founding countries: Belarus, Kazakhstan, China, Kyrgyzstan, Russia and Tajikistan

Today the EAG brings together nine countries: Belarus, China, India, Kazakhstan, Kyrgyz Republic, Russia, Tajikistan, Turkmenistan, Uzbekistan. Observer status has been granted to 15 countries and 23 international organizations

The Agreement on the Eurasian Group on Combating Money Laundering and Financing of Terrorism was signed in Moscow in June 2011, granting the EAG the status of a regional intergovernmental organization

Play an important role in reducing the threat of international terrorism and ensure the transparency, reliability and security of the financial systems of states and their further integration into the international infrastructure for combating money laundering and terrorism financing (AML/CFT).