Seminar on AML/CFT/PWMD for non-profit organizations

On August 14, 2018, in the premises of the Ministry of Justice of the Republic of Tatarstan, the Department of Financial Monitoring and the Ministry of Justice of the Republic of Tatarstan held a joint seminar on Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation of Weapons of Mass Destruction with the participation of representatives of non-profit organizations.

Mirsaizod Hakim Said, Deputy Minister of Justice of the Republic of Tajikistan opened the seminar with words of welcome and noted that the Republic of Tajikistan is in the run-up to the 2nd Round of Mutual Evaluation of the national system of anti-money laundering and combating the financing of terrorism and proliferation of weapons of mass destruction. He also underlined that the 1st Round of Mutual Evaluation of the national AML/CFT system was conducted by international experts in 2008 and the national system of the Republic of Tajikistan was evaluated as unsatisfactory and placed under enhanced monitoring process. In 2014, during the 21st EAG Meeting on anti-money laundering and combating the financing of terrorism the national AML/CFT system of RТ was highly praised and that became the reason of removal of the country from the EAG enhanced monitoring and its transition to the standard mode. The national system of anti-money laundering and combating the financing of terrorism and proliferation of weapons of mass destruction is an important mechanism of a state policy for fighting against terrorism, criminality, and proliferation financing aimed at the protection of human and civil rights and liberties, national security and economic interests of the Republic of Tajikistan.

Following that, Faizullozoda Faizullo, Director of the Financial Monitoring Department affiliated to the National Bank of Tajikistan, expressed gratitude to executive officers of the Ministry of Justice for the organization of the event. In particular, he noted that terrorism being one of the basic challenges of the modern world may threaten our country too, which is a part of the global society. A dishonorable guilty act – the armed raid on foreign tourists in Danghara District – calls us for intensifying efforts in the sphere of countering such shameful phenomena since the stability of the AML/CFT system largely depends on practical activities of related domestic structures, organizations and each person in a society.

Further, experts of the Financial Monitoring Department and representatives of the Ministry of Justice presented materials on the following topics:

- rightful principles of anti-money laundering and combating the financing of terrorism and proliferation of weapons of mass destruction in RТ; 

- counteraction system of the national system of anti-money laundering and combating the financing of terrorism and proliferation of weapons of mass destruction;

- risk of engagement of non-profit organizations in terrorist financing.

During the seminar representatives of non-profit organizations received from Faizullozoda F. comprehensive answers to their questions.

At the end of the seminar Faizullozoda F. reminded that all social classes should take an active part in the provision of the country’s security.

Financial Monitoring Department, National Bank of Tajikistan