Seminar on FATF Standards

From September 23 to 27, 2024, a seminar of the Eurasian Group on Combating Money Laundering and Terrorism Financing (EAG) was held in Dushanbe. The seminar focused on the standards of the Financial Action Task Force (FATF).

The primary goal of the event was to develop a deep understanding of FATF standards and the specifics of their implementation in the member countries of the EAG.

More than 60 representatives from EAG member states, including Belarus, Kazakhstan, Kyrgyzstan, Russia, Uzbekistan, Turkmenistan, Tajikistan, and India, participated in the seminar. They came from various ministries and agencies.

Representatives of the EAG Secretariat (trainers) shared their experience and knowledge regarding the implementation of FATF standards in different sectors such as legal activities, regulation and supervision of reporting entities, as well as the legal framework for the operation of the system to combat money laundering and terrorism financing (ML/TF).

In addition, practical exercises on FATF standards were conducted for the participants throughout the week.

It is noteworthy that the main FATF document comprises a set of organizational and legal measures to establish an effective system for combating money laundering and terrorism financing in each country. This document includes 40 recommendations. The FATF recommendations are a set of rules regulating the activities of the financial and banking sectors, businesses, law enforcement agencies, and a list of measures to fight crime and terrorism financing.

At the conclusion of the seminar, participants were awarded certificates, which will facilitate their further training and work as experts — evaluators in the field of ML/TF.

Financial Monitoring Department