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RIA Novosti

Russia

Putin suggests G8 help Eurasia fight money-laundering

15:55 11/02/2006

MOSCOW, February 11 (RIA Novosti)-Vladimir Putin proposed Saturday that experts from the world's leading industrialized nations help instruct a six-member association of Eurasian countries in their efforts against money laundering and terrorism financing.

The Eurasian Group (EAG) was set up in 2004 and comprises Russia, Kazakhstan, China, Belarus, Kyrgyzstan and Tajikistan, and was accepted into the Financial Action Task Force, an inter-state body overseeing global efforts against money-laundering, in the same year. The EAG aims to promote international standards in the fight against dirty money in the region, coordinate efforts and improve analytical work.

"We believe that the G8 countries could contribute more substantially to the Eurasian Group in a similar way to FATF," Putin told a meeting a Group of Eight finance ministers.

In particular, the president proposed sending G8 experts to hold training sessions with Russian specialists.

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