THE DEVELOPMENT OF EAEU LAW TO LAUNDERING OF PROCEEDS FROM CRIME

Abstract

The article is devoted to the development of the law of the Eurasian Economic Union in the light of countering the legalization (laundering) of proceeds from crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction. The author analyzes the latest adopted acts of the Union in this area, and also explores the harmonization of the laws of the EAEU member states with the standards of the Financial Action Task Force on Money Laundering. The article emphasizes the importance of the participation of the Eurasian Economic Union in the Eurasian Group on Combating Money Laundering and the Financing of Terrorism and the development of the Eurasian Economic Union’s own jurisdiction in the field of combating the legalization (laundering) of proceeds from crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction. The author highly appreciated the degree of legal regulation and interaction of the EAEU member states in countering the legalization (laundering) of proceeds from crime and the financing of terrorism when moving cash and (or) monetary instruments across the customs border of the Eurasian Economic Union, and the study also identified gaps in legal regulation and ways to improve union law related to the digitalization of economies, the circulation of non-cash funds and digital currencies.