interagency commision

 

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Interdepartmental working commission on coordination of activities in the field of counteraction money laundering and terrorist financing

 

(Regulation on the Interdepartmental Commission for AML/CFT Coordination No. 11536 of 25 February 2011)

 

The Interdepartmental Commission acts with a view to coordinating and improving the activities of state institutions, financial organizations, military and law enforcement bodies, as well as representatives of non-financial organizations and the private sector in the field of combating money laundering and terrorism financing.

 

The work of the Interdepartmental Commission is guided by the Constitution, the law and acts of Turkmenistan. The Commission is guided by the Constitution and the laws of Turkmenistan, the President of Turkmenistan, decisions of the Mejlis (Parliament), decisions of the Cabinet of Ministers and other legal and regulatory instruments, as well as its own regulations.

 

The objectives of the Interdepartmental Commission:

               

-ensuring full compliance by individuals and legal entities with the requirements of the Law of Turkmenistan "On Combating Money Laundering and Financing of Terrorism

 

 -coordination of the activities of institutions exercising control functions, military and law enforcement bodies, and persons providing information for the purpose of combating money laundering and financing of terrorism, as well as creation of an integrated system in this area;

 

-ensuring the implementation of international standards on combating money laundering and terrorist financing, as well as recommendations, guidelines and decisions prepared by the Financial Action Task Force on Combating Money Laundering of FATF;

 

-development of a strategy related to international cooperation to combat money laundering and terrorist financing;

 

-development and implementation of measures to improve the rating of Turkmenistan as a country fulfilling its obligations to the international community in the field of combating money laundering and terrorism financing.

 

Functions of the Interdepartmental Commission:

 

-organizing the preparation of draft national legislation in the area of combating the legalization of proceeds of crime and the financing of terrorism, as well as the preparation of regulatory legal acts in accordance with international standards, and justifying their adoption;

 

-coordination of the activities of institutions exercising control functions, military and law enforcement bodies, persons providing information, as well as creation of an integrated system of combating money laundering and terrorism financing;

 

-preparation of proposals on the main directions of international cooperation related to combating money laundering and terrorism financing;

 

-preparation of proposals to improve the anti-money laundering and anti-terrorism financing system;

 

-review of reports of financial control institutions, military and law enforcement bodies, persons providing information related to anti-money laundering and anti-terrorist financing activities;

 

- developing proposals for evaluating and improving the activities of financial control agencies, military and law enforcement agencies, and persons providing information related to activities against

(b) The use of the proceeds of crime and the financing of terrorism to facilitate money laundering and the financing of terrorism.

 

 

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