The head of the Russian administration of the President Sergei Ivanov met with the President of the International Financial Action Task Force on Money Laundering (FATF) Shin Jae-Youg.

During the meeting Ivanov said that the study, which was carried out by Russia and the United States on sources of financing insurgents of the ISIS, should be the beginning of the identifying of the specific countries, organizations and individuals that are connected with it.

‘No country can function effectively unless there are enough efforts to combat corruption and to counter the financing of terrorism, to combat this evil,’ the head of the administration of the President said. He also didn`t rule out the fact that during the G-20 summit, which will be held next week in Turkey, the leaders would seriously discuss the questions related to financing of terrorism, especially the financing of ISIS.

In turn, Shin Jae-Yong stressed the significant benefits of cooperation with the Russian Federation in the fight against the corruption and the financing of terrorism. The head of the FATF believes that this is a global problem and notes that his organization is actively helping “in the fight against this evil”.