Representatives of the Ministry of Finance and Economy of Turkmenistan participated in a multilateral meeting, which considered measures to combat terrorist financing and legalization of profits derived from criminal activity. The 33rd EAG plenary meeting was held by video conference.
The Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) unites 9 member states: Turkmenistan, Uzbekistan, India, Belarus, Russia, Kyrgyzstan, China, Kazakhstan and Tajikistan. In addition, representatives of states, international and regional entities with observer status also took part in this meeting.
Committed to the principles of international law, Turkmenistan has acceded to a number of agreements, conventions and UN programs aimed at combating terrorism and organized crime. The state actively cooperates with other countries and organizations on the above mentioned issues. Among such structures are EGMONT Group, EAG and FATF.
The Eurasian Group has the status of FATF associate member. Through its activities, it makes a significant contribution to the successful implementation of the goals and objectives set by the FATF. The work of the EAG contributes to the reduction of the terrorist threat and makes it possible to ensure the transparency, security and reliability of national financial systems. The member states of the Eurasian Group actively participate in international activities aimed at achieving the above objectives.
During the current online meeting, participants talked about further joint steps in this direction. It also summarized the work of the EAG member states to minimize the risks of terrorist financing and money laundering triggered by the COVID-19 pandemic.
Participants of the plenary session also heard the reports of specialized working groups, approved the EAG activity plan for 2021 and considered other organizational issues.