Capacity building of financial credit institutions employees to ensure effectiveness of national system in the field of combating the legalization (laundering) of proceeds from crime, financing of terrorism and financing the proliferation of weapons of ma

According to the training program of Training Center of Financial Monitoring Department under the National Bank of Tajikistan (hereinafter referred to as the Department) for 2023 a number of training events on combating the legalization (laundering) of proceeds from crime, financing of terrorism and financing the proliferation of weapons of mass destruction (CLPC/FT/FPWMD) was held for financial credit institutions employees in Bokhtar town (18-20 October), Kulob town (8-10 November) and Khujand town (14-16 November) in which the representatives of the Department participated.

The aim of the events was capacity building of specialists in the field of CLPC/FT/FPWMD, as well as practical activity in this direction.  

It should be noted that because of insufficient awareness of financial credit institutions employees about CLPC/FT/FPWMD and their definitions the situation brings to non-fulfillment of key requirements of the field. In this regard it has been decided alongside with officials to draw into the events the representatives of structural units who in most cases render banking services to clients (especially express tellers – controllers of branches and banking services centers).   

On 13-15 December 2023, the final training event was held for the employees of financial credit institutions located in Dushanbe in the building of the National Bank of Tajikistan.  

Having made a welcoming speech Director of Financial Monitoring Department Halim Mirzoaliev pointed out an important and significant role of financial credit institutions in the implementation of measures on CLPC/FT/FPWMD. He also added that only by joint efforts and coordination one can prevent the risks connected with CLPC/FT/FPWMD

Mirzoaliev H. S. noted that even at opening of corresponding accounts the foreign banks first of all evaluate the activity of its counteragent in the field of CLPC/FT/FPWMD and in case of inadequacy they may refuse to establish corresponding relations.  

In this regard the National Bank of Tajikistan as an authorized body in the field of CLPC/FT/FPWMD takes timely and necessary measures to improve internal control systems of financial credit institutions in the field of CLPC/FT/FPWMD.

In the course of the training events in all regions various themes concerning general activity in the field of CLPC/FT/FPWMD was presented by the Department to the participants, including:  

Financial Monitoring Department