6-10 July, Institute of Financial Technologies and Economic Security (IFTES) MEPhI held International Summer Online School of Financial Intelligence  in English.

School’s work focused on main terms, concepts, core problems in the field of AML / CFT / CWMDF (countering money-laundering, the financing of terrorism and the financing of weapons of mass destruction proliferation).

School was conducted in English, which allowed attracting the attention of participants from 15 countries and 10 universities.

At the school opening, the co-director of the school, Ph.D., associate professor of the Department of Financial Monitoring No. 75, head of the International Cooperation Department of IFTES MEPhI Nikolay Morozov made a welcoming speech.

The main lectures were conducted by an international expert in the field of AML / CFT / CWMDF Igoris Krzeckovskis (Lithuania). He is also an Associate Professor of the Department of Financial Monitoring No. 75, Institute of Financial Technologies and Economic Security, MEPhI.

Main lecture topics:

• What is an AML / CFT system and financial intelligence?
• International AML / CFT system (key players and best practices)
• Areas of AML / CFT: private and public sectors.
• New IT-technologies in Financial Intelligence
• Last phase of AML / CFT is a criminal investigation, arrests, confiscations.

Tutors at the practical classes were Nadezhda Kuznetsova, Viktor Sushkov, Yegor Malakhov and Soumujit Mukherjee (India).

The following topics were used during the practical exercises:

• What skills are needed to work in financial intelligence?
• The power of financial intelligence? A world without illusions!
• Be warned: shell companies simplify money-laundering and terrorist financing
• The world of financial crime: behind the curtains, on the "ground".

Work on practical classes was active and interesting. Participants from different countries were able not only to solve the practical cases proposed by the tutors, but also to talk about the experience. During the final discussion, the results of the assignment for the participants were discussed. The school was attended by over 50 participants from Russia, Belarus, Kazakhstan, Uzbekistan, India, Zambia, Indonesia, Bangladesh, Mexico, Algeria, Iraq, the Czech Republic and Morocco. Certificates were received by 38 participants who successfully passed the final tests.

It is planned to hold a school annually.