Seminar on FATF standards

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From September 23 to 27, 2024, a seminar of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) on the standards of the Financial Action Task Force (FATF) was held in Dushanbe. The primary objective of this seminar was to cultivate a comprehensive understanding of FATF standards among EAG member nations and to explore the specific nuances involved in their implementation within those countries.

Over 60 delegates representing member states of the EAG attended the seminar. These delegates were from diverse ministries and agencies within Belarus, Kazakhstan, Kyrgyzstan, Russia, Uzbekistan, Turkmenistan, Tajikistan, and India.

Representatives from the EAG Secretariat (trainers) shared their expertise and insights on implementing Financial Action Task Force (FATF) standards across diverse areas, including legal frameworks, regulation and supervision of reporting entities, and the legal foundation of combating money laundering and financing of terrorism systems. The event also featured practical training sessions alongside the theoretical study of FATF standards, providing participants with hands-on experience.

It's important to highlight that the primary document issued by the Financial Action Task Force (FATF) outlines a comprehensive framework of institutional and legal measures designed to establish a robust system for preventing money laundering and terrorist financing within each nation and comprises 40 recommendations. FATF recommendations are a set of rules that regulate the activities of the financial and banking sectors, business, law enforcement agencies and list of measures to combat crime and terrorist financing.

Upon completion of the seminar, attendees received certification, qualifying them to pursue advanced studies and professional opportunities as expert evaluators within the domain of combating money laundering and financing of terrorism.

Finanical Monitoring Department

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27.09.2024