Regional Features of Compliance With FATF Requirements

Increasingly expanding international requirements in the field of combating money laundering and terrorist financing(AML/CFT) force public financial sector to seek a balance between rising costs their implementation andsanctions threats for non-compliance. A number scientific publications describe regional AML/CFT cooperation theEuropean Union (EU) as an example such balance. Some EU countries coordinate actions within frameworkof Financial Action Tasks Force on Money Laundering (FATF), which is methodological centre global antimoneylaundering movement. Russia member FATF its two groups: Moneyval, organized by theCouncil Europe, Eurasian Group (EAG) initiated itself, unites Russiaʼs neighbouring, mainlyAsian, countries. This study covers results assessments compliance EAG with requirementsin order approaches identify problems arising this process andprospects cooperation. The methods comparative graphical analysis were used. authors showthat deep integration lawmaking not itself fundamental factor achieving equally high rates compliancewith requirements. Indifference matters monitoring approved anti-money launderingstandards allows particular act national interest, contrary 40 recommendations thegoals regime. On contrary, demonstrate steady progress introductionof legislation practical requirements, indicates collective awareness benefitsfrom information transparency possibility exchanging at level.