AML/CFT/PWMD Workshop for Representatives of Tajikistan’s Credit Institutions

In his opening remarks to the workshop participants, the director of the Financial Monitoring Department of Tajikistan's National Bank pointed out at some shortcomings identified by auditors in the work of credit institution personnel responsible for AML/CFT/PWMD. In this regard, the organization of such events will go a long way towards improving compliance with national AML/CFT/PWMD requirements.
Among the topics covered by the presentations of the employees of the Financial Monitoring Department and the Department of International Reserves Management and Exchange Rate Policy attending the workshop were as follows:

• Tajikistan's legislative AML/CFT/PWMD requirements;
• Mistakes associated with the submission of Form No. 101 to report suspicious transactions subject to mandatory control to the Financial Monitoring Department;
• Financing of terrorist recruitment;
• FATF Recommendations and Methodology amendments;
• Monitoring compliance of entities carrying out transactions with funds or other property with AML/CFT/PWMD requirements;
• The need to amend Instruction No. 204 "On the Procedure for Carrying Out Remittance Transactions by Individuals without Opening a Bank Account".

Along with this, the Financial Monitoring Department of Tajikistan's National Bank showed a video on countering terrorism and extremism, which, as a threat to international stability and national and personal security, poses a serious problem for the international community.
Fayzullo Fayzullozoda, the director of the Financial Monitoring Department, responding to the participants' questions, urged them to reach out to the Department for assistance in any matters.
At the same time, the Director highlighted the importance of the fight against terrorism and extremism for ensuring the country's national security.
More than 40 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/PWMD requirements. 
 
Financial Monitoring Department of Tajikistan's National Bank