A training workshop for representatives of credit institutions on the detection and disruption of money laundering, terrorist financing and proliferation financing

A training workshop on anti-money laundering and countering the financing of terrorism and proliferation (AML/CFT/PF) for representatives of Tajikistan's credit institutions was held on 27 November 2018 at the National Bank of Tajikistan.

A successful fight against terrorism and extremism is not possible without trust, mutual respect and consolidation of efforts by all countries in the face of a common threat. The Founder of Peace and National Unity - Leader of the Nation, the President of the Republic of Tajikistan, esteemed Emomali Rakhmon, speaking from the lofty tribunes of the UN and other international organizations, emphasized that terrorism has no homeland, nation or religion.
The purpose of the meeting was to safeguard national security and combat money laundering and terrorist financing. 

Notably, this was already a third training workshop conducted by the Financial Monitoring Department of the National Bank on the initiative of the Association of Microfinance Organizations of Tajikistan (AMFOT).
In his opening remarks to the workshop participants, the director of the Financial Monitoring Department of the National Bank of Tajikistan pointed out at some shortcomings identified by auditors in the work of credit institutions' compliance officers. In this regard, the organization of such events will go a long way towards improving compliance with national AML/CFT/PF requirements.

Personnel of the Financial Monitoring Department of the National Bank of Tajikistan delivered presentations on the following topics:
• Tajikistan's AML/CFT/PF regulations and amendments thereto;
• International AML/CFT/PF standards;
• Cooperation between the Financial Monitoring Department of the National Bank of Tajikistan and law enforcement in preventing terrorist financing.

Particularly notable to the workshop participants was a presentation by representatives of the Department of International Reserves Management and Exchange Rate Policy on "Difficulties and Errors in Foreign Currency Transactions".
Intense interest among the workshop participants was aroused by the work carried out by credit institutions in this area, who also asked many questions. F. Fayzullozoda, the director of the Financial Monitoring Department, responding to the participants' questions, urged them to reach out to the FMD for assistance in any matters.

More than 60 representatives of the country's credit institutions participated in this workshop. It should be noted that decisions to hold such meetings were the outcomes of close cooperation between the Financial Monitoring Department and credit institutions in ensuring compliance with AML/CFT/PF requirements.

Financial Monitoring Department of the National Bank of Tajikistan