According to Mr Ivanov, Russia and the US should continue their joint work to counter the financing of terrorism. The Chief of Staff of the Presidential Executive Office said the study conducted this year on the initiative of the United States and with Russia’s active participation into the sources of ISIS’ funding should not be the final stage in our joint work but the beginning of efforts to reveal specific states, legal entities and individuals involved in the funding of ISIS. No state can function efficiently without making efforts to combat corruption and to counter the financing of terrorism, the Russian official stressed.
FATF President Je-Yoon Shin noted the advantage of cooperating with Russia in countering corruption and the financing of terrorism, which are both global challenges.
The FATF President also shared his impressions of his visit to the Russian Federal Service for Financial Monitoring (Rosfinmonitoring), where he learned about the technologies used in Russia to track illegal cash flows. Yury Chikhanchin, who heads the Federal Service, also attended the meeting.
FATF is an intergovernmental organisation that develops international standards to combat legalisation (laundering) of illegal incomes and the financing of terrorism. Currently 34 states and 2 international organisations are listed as FATF members. The Russian Federation joined the organisation in June of 2003.