Belarus is preparing to assess its national anti-money laundering system

An international seminar on studying standards of financial measures to combat money laundering is being held in Minsk. World standards in this area, as well as in the field of countering the financing of terrorism, are mandatory for all countries of the world. Compliance with these standards affects the financial rating of the country. The standards themselves are not static. Recently, 12 out of 40 recommendations have been amended. In particular, the requirements for assessing the risks of financing the proliferation of weapons of mass destruction, countering the involvement of non-profit organisations in the financing of terrorism have changed. The national anti-money laundering system of Belarus includes law enforcement and government agencies, as well as representatives of the private sector. The previous assessment was carried out in 2019 and had positive results.