activity

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Financial Monitoring Department of the Ministry of Finance and Economics of Turkmenistan
performs the following
authority

 
 

The authorized state body within its competence:
 

1. collects and analyzes information related to transactions and transactions subject to obligatory control;
 

2. sets the maximum size of transactions, or transactions in foreign or national currency;
 

3. requires persons representing data, measures aimed at counteracting legalization of proceeds from crime and terrorist financing;
 

4. develops and implements measures to improve the prevention, detection and suppression of suspicious transactions and operations, as well as transactions and operations related to the legalization of proceeds from crime and terrorist financing, including providing clarification on the application of measures against money laundering, laundering, and financing of terrorism, in particular, to identify suspicious transactions and report transactions and the direction of them;
 

5. submit to the court (judge), the prosecutor, the investigating authorities and the bodies of inquiry documents and other materials relating to the laundering of proceeds from crime and terrorist financing through formal written requests for agitated in accordance with the legislation of Turkmenistan. This information may be provided by the authorized government agency to law enforcement agencies and courts, and on his own initiative;
 

6. carries out its activities to prevent and combat money laundering, laundering;
 

7. has the right to access (use) to databases (registers), the formation and (or) maintained by government agencies;
 

8. has the right to request from officials representing the information as well as the bodies exercising criminal prosecution, and court information and documents for the purpose of counteracting legalization of proceeds from crime and financing of terrorist activities;
 

9. if there are sufficient grounds proving that the transaction or operation connected with the laundering of proceeds from crime and terrorist financing, provide relevant information and materials to law enforcement agencies in accordance with their competence.

 

 

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