Turkmenistan: IMF-backed seminar discusses money laundering

A seminar dedicated to the international experience in combating money laundering and financing of terrorismwas was organized in cooperation with the Central bank of Turkmenistan.

A workshop seminar was held the 3rd of  December at the conference hall of a special banking school. The seminar, dedicated to the international experience in combating money laundering and financing of terrorism, was organized by the International Monetary Fund in cooperation with the Central bank of Turkmenistan. 

Turkmenistan joined as an observer the Eurasian group on combating money laundering and financing of terrorism in March 2008.  The seminar discussed the activities of the Eurasian group on combating money laundering and financing terrorism in the form of broad exchange of experience in conducting joint actions, as well as the issue of introduction of international norms in this important field.

As it was noted at the seminar, Turkmenistan, having taken the path of comprehensive reforms, was taking real steps in bringing national legislation in line with international norms and requirements.

As a result of joint efforts of the International Monetary Fund and the Central Bank of Turkmenistan, the draft law of Turkmenistan "On combating legalization of revenues from criminal activities and financing of terrorism" has been drawn up.

/Issued by Neytralnyy Turkmenistan, Dec 3, 2008/

Source: BBC Monitoring