04 March, 2019
On February 28, 2019, Tajikistan's National Bank hosted a meeting with representatives of the Drug Control Agency under the President of Tajikistan, on combating money laundering and the financing of terrorist and proliferation (AML/CFT/PF).
In his opening remarks to the participants, Fayzullo Fayzullozoda, director of the Financial Monitoring Department, briefed participants on the current state of the fight against money laundering and terrorist financing. Fayzullozoda highlighted the importance of the efforts to combat drug-related money laundering, whose success depends on effective cooperation.
In his speech to the participants, Fayzullozoda urged the Drug Control Agency staff to cooperate in the fight against drug-related money laundering by engaging in information sharing. Fayzullozoda's speech was followed by presentations from representatives of the Financial Monitoring Department on various aspects of AML/CFT/PF.
During the meeting, participants also discussed the ML risks faced by Tajikistan, as well as the need for law enforcement agencies to pay more attention to such risks.
It was also noted that the small number of ML cases identified by the country's law enforcement authorities meant that the number of ML investigations was also insignificant. Representatives of the Drug Control Agency took an active part in the meeting by asking questions of the Financial Monitoring Department staff, all of which were exhaustively answered.
In conclusion, Fayzullozoda called on the meeting participants to be vigilant in matters of AML/CFT/PF, stressing that the National Bank of Tajikistan, and in particular the Financial Monitoring Department, was planning to further improve the skills of government officials through trainings.