· MOLI-RU in the Russian
Federation (February 2003 – June
2005), fully financed by the
International meeting on terrorist financing (5-6 October 2004, Moscow)
[1 October 2004, Strasbourg] Strengthening cooperation against terrorist financing was the objective of an international meeting in Moscow on 5 and 6 October 2004. It brought together experts of more than 30 financial intelligence units from Europe and central Asia as well as a range of international organisations. The event was organised by the Russian Federal Service for Financial Monitoring with the support of the Project Against Money Laundering in the Russian Federation (MOLI-RU) – a project funded by the European Commission and implemented by the Council of Europe.
The issue of terrorist financing moved higher on the international agenda following the tragic events of September 2001. In October 2001, the Financial Action Task Force (FATF) adopted eight special recommendations on terrorist financing:
1. Take immediate steps to ratify
and implement the relevant United
Measures against terrorist financing form an important part of the Council of Europe’s approach against terrorism *. In terms of standard setting, work on a new treaty is currently underway to update the Convention on Laundering, Search, Seizure and Confiscation of Proceeds from Crime. Provisions on terrorist financing are envisaged in this new treaty.
MONEYVAL – the Council of Europe’s anti-money laundering monitoring mechanism – is evaluating compliance of 27 European countries also with international standards against terrorist financing. MONEYVAL report of July 2004 noted that over the past two years, most countries had made considerable progress in the implementation of the FATF’s special recommendations.
The meeting in Moscow was a first step to support countries now also through capacity building measures. It was intended to:
· help practitioners of financial
intelligence units develop links and
exchange information on terrorist
financing with counterparts of other
The Moscow meeting was the starting point for more comprehensive technical cooperation programmes in this area.
Monograph “Financial Monitoring of
Cash Flows Aiming to Prevent the
Financing of Terrorism”
(English & Russian)