Photo credit: Alexey Kljatov, “Emerald city,” CC BY-NC 2.0

Eurasian Group on Combating Money Laundering and Terrorist Financing

Abbreviation

EAG

Summary

Established in 2004, the Eurasian Group on Combating Money Laundering and Terrorist Financing (EAG) is a FATF-style regional body (FSRB) for the countries of the Eurasian region. The EAG aims to reduce the threat of international terrorism by ensuring the transparency, reliability, and security of the financial systems of member states and by promoting the integration of those states into the international infrastructure for combating money laundering and terrorism financing (AML/CFT) in accordance with the Recommendations of the FATF and other international standards. The EAG performs mutual evaluations of member states based on the FATF 40+9 Recommendations, coordinates international cooperation and technical assistance programs, analyzes money laundering and terrorist financing trends (typologies), and exchanges best practices of combating such crimes while taking into account regional specificities.