CIS package of agreements on security, currency market inked

ASHGABAT, 5 December (BelTA) – A package of agreements concerning security matters and the organization of an integrated currency market was signed at the session of the CIS Heads of State in Ashgabat on 5 December, BelTA has learned.

An agreement on cooperation in organizing an integrated currency market of the CIS member states has been signed. The document is aimed at facilitating the procedure for currency exchange operations via enabling the mutual access of juridical persons with the right to carry out foreign currency operations to the currency markets of other CIS states. In comparison with the existing currency exchange procedure that involves authorized banks the procedure the agreement outlines is simpler and more economically profitable.

The documents regarding security and the counteraction of new challenges and threats include the agreement on founding a council of financial intelligence chiefs of the CIS member states, an agreement on cooperation in training specialists of counterterrorism units in educational institutions of competent bodies of the CIS member states, and an agreement on cooperation in the logistical support of the bodies in charge of fighting terrorism and other violent manifestations of extremism.

The establishment of the council of financial intelligence chiefs of the CIS member states has been brought about by the need to promote cooperation and the eagerness to coordinate cooperation in counteracting the legalization (laundering) of criminal revenues and the financing of terrorism.