MOSCOW. (RIA Novosti economic commentator...
to combat money laundering and terrorism financing (Eurasian Antiterrorist Group, EAG). The 2005 plans of its members – Russia, Belarus, Kazakhstan, Kyrgyzstan, China and Tajikistan – include the proliferation of the FATF Forty Recommendations on combating money laundering and Eight Special Recommendations on terrorism financing.In summer 2005, Russian President Vladimir Putin approved a Concept of the National Strategy of Combating Money Laundering and Terrorism Financing. The FSFM has submitted a five-year action plan for its implementation. The plan’s four basic strategies include the improvement of anti-money laundering legislation and relations with law enforcement agencies, professional training and re-training of specialists (including investigators and prosecutors), and the strengthening of international cooperation.
Russia is creating an interdepartmental commission on combating money laundering and terrorism financing that is to coordinate
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