NDB President meets Director of Russia’s Federal Financial Monitoring Service
On 8 November 2017, Mr. K.V.Kamath, the President of the New Development Bank met in Shanghai Mr. Yuri Chikhanchin, the Director of the Federal Financial Monitoring Service of Russian Federation (Rosfinmonitoring). The NDB VP, CAO Mr. Vladimir Kazbekov and Mr. Vladimir Glotov, Deputy Director of Rosfinmonitoring also participated in the meeting.
During the meeting, perspectives for cooperation between the Bank and Rosfinmonitoring in the area of anti-money laundering and combating the financing of terrorism (AML/CFT) were discussed, with a focus on developing the Bank’s Compliance Division in line with Financial Action Task Force on Money Laundering (FATF) principles and international best practices.
The participants of the meeting exchanged views on further steps by the NDB aimed at obtaining the status of observer organization with the Eurasian group on combating money laundering and financing of terrorism.
A high potential for the NDB staff training and knowledge exchanges in the sphere of AML/CFT between the Bank and Rosfinmonitoring was highlighted.