Russian and British financial control bodies sign co-operation agreement

The highest state bodies responsible for financial control in Russia and Great Britain have signed a co-operation agreement.

The Russian Audit Chamber's PR department has announced that the "Memorandum on mutual-understanding in the sphere of co-operation between the Audit Chamber of the Russian Federation and the National Audit Office of Great Britain" was signed on Tuesday by Audit Chamber Chairman Sergei Stepashin and NAO head, Sir John Bourn.

Sir John Bourn was taking part in the fifth congress of the European Organisation of Supreme Auditing Institutions in Moscow.

While talking to Mr. Stepashin, the NAO head pointed to the need to eradicate once and for all the "swollen cancer" of the financial world - money laundering and financing of international terrorism. Sergei Stepashin, in his turn, declared that the Audit Chamber was actively prepared to support the international community's efforts to eliminate these unhealthy features in international finances, which hinder normal trade and economic co-operation between states.