Meeting of the Working Group on the National Risk Assessment of ML / FT

The regular meeting of the Working Group on the preparation and realization of the National Assessment of risks of legalization (laundering) of proceeds from crime and financing of terrorism in the Republic of Tajikistan under the leadership of Bobozoda U. - Adviser to the Assistant to the President of the Republic of Tajikistan on legal issues was held on August 30, 2017. This Working Group was created by the decision of the permanent Interdepartmental Commission on combating the legalization (laundering) of proceeds from crime, financing of terrorism and financing the proliferation of weapons of mass destruction (AML / CFT / FRMP).

During the meeting, actual issues of the national ML / FT risk assessment were discussed, including the approval of the draft report prepared by the Working Group with the support of the experts of the Asian Development Bank, as well as the Plan for further work on managing and reducing identified ML / FT risks. As a result of the discussion, further steps were taken by the Working Group to prepare and conduct a national risk assessment.

It should be noted that the obligation to identify and assess the risks of legalization (laundering) of proceeds from crime and the financing of terrorism, to allocate resources to effectively reduce these risks is defined in the Recommendations of the Financial Action Task Force on Money Laundering (FATF). Based on this assessment, countries should adopt a risk-based approach to ensure that ML / FT prevention measures are consistent with the identified risks.

Based on the results of discussions, the decision was made to present the prepared report at the regular meeting of the permanent Interdepartmental Commission on AML / CFT / FROMP issues.

Financial
Monitoring Department