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    REGIONAL GROUP TO COUNTER MONEY LAUNDERING MAY BE FORMED THIS YEAR

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    MOSCOW, February 12, 2004. (RIA Novosti) - Regional group to counter criminal incomes laundering may be formed in Russia this year.

    "All the CIS countries, including members of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures, could take part, in this form or another, in this group which can be formed before the end of this year," says the report of the Financial Monitoring Committee(CFM) of Russia press service.

    After its formation, the group will also be open for other states, not only for members of the CIS, and will closely cooperate with other international organisations, such as the Financial Action Task Force for Money Laundering (FATF), EurAsEC and the Collective Security Treaty Organisation.

    The experience of the Russian Federation and the CIS countries in the sphere countering the legalisation of criminal incomes and financing terrorism was discussed at the Moscow conference, organised by the CFM of Russia, on February 10-11, 2004.

    The conference was attended by ministers and the heads of the government departments of Russia and the CIS countries: Armenia, Belarus, Georgia, Kazakhstan, Kirghizia, Moldova, Tajikistan, Turkmenia and Ukraine, as well as by representatives of Sweden (which is FATF chairman at the present time), the United States and China.

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