The representative of the CHFIU Secretariat, Yulia Denisova, took part in the 10th meeting of the Interstate Anti-Corruption Council (IACC) in Yerevan, Armenia.
The event was attended by representatives of relevant ministries and agencies of the CIS member states. The discussions focused on current anti-corruption practices, combating the illicit use of virtual currencies and digital financial assets, improving anti-corruption legislation, and other topics.
Yulia Denisova noted in her speech that the corruption situation in the CIS countries remains a serious problem. Common forms include bribery, abuse of power, and fraud. To minimize risks, comprehensive work is being carried out: models of corrupt officials' financial behavior are being developed, characteristic areas of corruption manifestation are being identified, and mechanisms for monitoring budgetary funds are being implemented.
One of the Council's key tools has become the International ML/TF Risk Assessment Center, which has enabled the creation of an information platform for data exchange and the monitoring of tens of thousands of individuals associated with corruption offenses.
The Secretariat representative shared Russia's experience in implementing the use of the "Transparent Blockchain" cryptocurrency transaction analysis service into the activities of banks' compliance services. This aims to improve the quality of assessing the suspiciousness of their clients' transactions and enhance the informativeness of submitted suspicious transaction reports.
The importance of further strengthening cooperation among the CIS member states within the CHFIU to minimize money laundering risks, combat corruption, and prevent the embezzlement of budgetary funds was emphasized.
