Financial Crime World

Belarus Takes Steps to Counter Money Laundering and Terrorism Financing

The Council of Europe and European Union have partnered to support Belarus in strengthening its measures to combat money laundering and terrorist financing. The project, titled “Countering Money Laundering and Terrorism Financing in Belarus”, aims to enhance compliance with international standards and good practices.

Project Overview

  • Budget: €200,000 (90% funded by the European Union, 10% by the Council of Europe)
  • Duration: 36 months, starting from January 1, 2019
  • Main counterpart: State Control Committee of the Republic of Belarus
  • Beneficiaries: General Prosecutors Office, Financial Monitoring Department, National Bank, and Ministry of Foreign Affairs

Objectives

The project focuses on prevention and enforcement, providing guidance and capacity building for:

  • Improved financial intelligence and risk-based supervision
  • Strengthening law enforcement agencies and judiciary to investigate, prosecute, and adjudicate money laundering and terrorist financing cases

Key Outcomes

The project aims to achieve two key outcomes:

  • Comprehensive measures and detection of money laundering and terrorist financing are in place
  • Increased use of a risk-based approach to supervision

Assistance Activities

The project will include:

  • Expert advice
  • Workshops
  • Trainings
  • Roundtables
  • Technical papers, handbooks, and other written outputs

Implementation

The Council of Europe’s Economic Crime and Cooperation Division (ECCD) is responsible for implementing the project, engaging international and local experts to ensure high-quality assistance to beneficiary institutions.

Contact Information

For more information on the project, contact: