The Eurasian Group on Combating Money Laundering and Financing of Terrorism published the results of its joint international forum of supervisory authorities and the private sector, held in St Petersburg on 22-24 April. The forum brought together more than 200 delegates from 30 member states of the FATF Global Network to discuss supervisory risks and strategies, and the use of preventive measures in anti-money laundering, counterterrorist financing and counter-proliferation financing. Discussions focused on the changing risk landscape, the evolution of risk-based supervisory tools, crypto compliance, digital banks, platform solutions in the AML framework and approaches to building informed compliance in the private sector. The update highlights practical exchanges from supervisors in Serbia, Malaysia and Singapore on preparing for mutual evaluations in the new round, including how to develop questionnaires, statistics and examples to demonstrate the effectiveness of their systems. A roundtable of banking supervisors examined ways to improve supervisory information sharing at both national and international level, and participants endorsed continuing that format at future Eurasian Group meetings. At the closing plenary, participants also discussed expanding joint projects across FATF and FATF-style regional bodies, the future direction of supervisory work in the context of AML/CFT and counter-proliferation financing standards, and prospects for more effective cross-border supervisory information exchange. The forum is due to continue on the sidelines of the Eurasian Group next year.

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