Training seminar for representatives of the credit institutions on Anti-money Laundering and Combating Terrorism Financing and Proliferation of Weapons of Mass Destruction Financing Prevention

On November 27, 2018 training seminar on Anti-money Laundering and Combating Terrorism Financing and Proliferation of Weapons of Mass Destruction Financing Prevention (AML/CFT/PWMDFP) was held in the National Bank of Tajikistan for representatives of credit institutions of the Republic of Tajikistan.

Anti-terrorism and extremism effort requires trust, mutual respect and association of all countries against this common danger. The Founder of Peace and National Unity - Leader of the Nation, President of the Republic of Tajikistan, His Excellency Emomali Rahmon acting from high tribunes of the United Nations and other international organizations has underlined that terrorist has no native land, nation and religion.

The purpose of conducting of the given meeting is protection of national security and elimination of such negative consequences, as legalisation (washing up) of the incomes received by criminal way and terrorism financing.

It is necessary to note that the given seminar is already the third training action, organized by Financial Monitoring Department of the National Bank of Tajikistan under the initiative of the Association of microfinancial institutions of Tajikistan (АМFT).

Seminar was opened with a salutatory speech of the Director of Financial Monitoring Department of the National Bank of Tajikistan who has noted that during performance of checks some lacks have been revealed in the activities of Compliance experts of the credit institutions. Thus, conducting of such actions will have essential influence on increase of level of awareness on fulfilment of requirements of the national legislation on AML/CFT/PWMDFP.

Employees of Financial Monitoring Department of the National Bank of Tajikistan have presented presentations on the following themes:

• Requirements of the legislation of the Republic of Tajikistan on AML/CFT/PWMDFP and introduction of amendments to them;

• International Standards in the sphere of AML/CFT/PWMDFP;

• Interaction of Financial Monitoring Department of the National Bank of Tajikistan with law-enforcement authorities in sphere of prevention of cases of terrorism financing.
  

It should be noted that representatives of International Reserves Management and Exchange Rate Policy Department have actively addressed on “Difficulties and errors in the transactions connected with foreign currencies” in the given seminar.

In this meeting from participants the heightened interest connected with activity credit organisation in this sphere was observed, there were numerous questions. Faizullozoda F., Department Director has provided adequate answers to questions of seminar participants and has noted that at the origination of any questions they can address to the Department requesting to assist.

Over 60 representatives of the credit institutions of the country have attended the given seminar. It is necessary to note that performance of similar meetings is the result of close co-operation between the Financial Monitoring Department and credit institutions within the limits of observance of requirements of the legislation in sphere of AML/CFT/PWMDFP.

Financial Monitoring Department

NBT