International organizational and legal framework of the Eurasian group on combating money laundering and financing of terrorism

Abstract

Anti-money laundering and combating the financing of terrorism (AML/CFT) is a complex area in which many state authorities of the countries of the world are involved, as well as numerous international organizations and institutions. One of these international institutions is the Financial Action Task Force on Money Laundering (FATF), the main organization in this area, but it is not the only one. Nine FATFStyle Regional Bodies (FSRB) were established at different times – nine regional organizations that have at the same time many similar goals and organizational and legal features which are different from those of the FATF. This article is dedicated to the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) – FSRB of the Eurasian region. It examines the activities of the EAG from the point of view of international law and examines in more detail the following aspects of its functioning: international legal status, typological researches and mutual evaluations, training and advanced training of employees of competent state bodies and private organizations in the AML/CFT field.