Financial Crime World

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Financial Action Task Force in Belarus

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The Financial Monitoring Department of the State Control Committee of the Republic of Belarus was established in 2003 to combat money laundering and terrorist financing. The department plays a crucial role in preventing the legalization of criminal proceeds and financing of terrorist activities.

Main Objectives

  • Take effective measures to prevent money laundering and terrorist financing
  • Establish and ensure the functioning of an automated system for recording, processing, and analyzing financial transactions subject to special control
  • Pursue international cooperation on these matters

Key Responsibilities

  • Determine the procedure for establishing the automated system
  • Collect and analyze information about suspicious financial transactions
  • Verify incoming information
  • Identify red flags indicating illegal activities
  • Participate in drafting laws and regulations related to anti-money laundering and counter-terrorist financing

Emblems

The department’s emblem features a golden laurel wreath intertwined with ribbons of the colors of the State Flag of Belarus, with the image of the National Emblem of Belarus and a silver shield with crossed caduceus and a torch on the background of a globe.

  • Decree No.408
  • Law No.165-Z
  • Resolutions No.367, 1249, 1256, 735, 1193, and 379

Head of Department

Vyacheslav Reut serves as the Director of the Financial Monitoring Department.

AML/CFT Activities

  • Request and receive information required for its duties
  • Develops and ensures the functioning of the automated system
  • Oversees compliance with anti-money laundering and counter-terrorist financing legislation
  • Applies enforcement measures against violators
  • Disseminates relevant information to criminal prosecution agencies

Contact Information

Phone: +375 (17) 328-39-61 Fax: +375 (17) 328-39-61 Email: dfm_kgk@mail.belpak.by Official Website: kgk.gov.by Address: 5, Karl Marx Street, Minsk, 220030, Republic of Belarus