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Belarus to host first session of CIS Financial Intelligence Council

CIS Council of the Heads of Financial Intelligence Departments was established in line with the agreement signed in Ashgabat in December 2012. According to the CIS Executive Committee, the Council will include Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Ukraine. 

An organizational session of the CIS Council of the Heads of Financial Intelligence Departments will be held at the CIS Executive Committee in Minsk on 22 May.

The session participants will elect chairperson of the Council and discuss the rules of procedure and work plans of the Council for 2013-2014. There are also plans to discuss the issues concerning the activities of the Council and its Secretariat, outline the agenda, date and place of the next CIS Council of the Heads of Financial Intelligence Departments.

The establishment of the Council will enable active international cooperation between the national financial intelligence units, coordinate action and exchange information and foster integration into international organizations. The Council is expected to improve the efficiency of operational activities of financial intelligence units, search the ways to improve equipment capabilities and information exchange, work out the mechanisms of recovery of illegal assets, implement preventive measures connected with new financial products and also apply up-to-date analytical methods in practice.