In the competition among financial intelligence units "Best Case Award-2013" of the Egmont Group, held within the framework of the 21st Egmont group plenary session in South Africa, the Financial Monitoring Department of the State Control Committee of Belarus marked by the diploma for the national example of the disclosure of money laundering scheme which received high praise.
This work was carried out by the Financial intelligence unit in cooperation with the Department of Financial Investigations of the State Control Committee and foreign financial intelligence units. As the result the activity of foreign companies on money laundering was stopped and the FIU of Belarus blocked the channel of money transit through the Belarusian banks. In order to prevent illegal transactions, Financial Monitoring Department has suspended payment operations of five foreign companies and arrested their accounts with about 1 million U.S. dollars which was later given for the benefit of state.
It should be noted that in 2012 the Financial Monitoring Department of Belarus was also marked by the diploma of Best Case Award of Egmont group.
Background information
The Egmont group is a specialized organization of financial intelligence units with almost 140 financial intelligence services of the world.
The goal of the Egmont Group is to support the national programs on the fight against money laundering and financing of terrorism, to promote the financial information exchange, staff training and development of communication channels with the use of new technologies.
The Financial Monitoring Department of the State Control Committee of Belarus is a member of the Egmont group since 2007. All news
Financial Investigations Department
Financial Monitoring Department
