interagency commision

 

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Interagency Commission to coordinate anti-money laundering

and terrorist financing in the 

Ministry of Finance of Turkmenistan

 
(Regulations of the Interagency Commission for the Coordination of AML / CFT in the Ministry of Finance of Turkmenistan № 11536 dated 25 February 2011)

 

 
Interagency Commission created to coordinate and improve the institutions engaged in financial control on countering the legalization of proceeds from crime and financing of terrorism, law enforcement and military agencies as well as ongoing in this area the activities of persons providing the information.
 

Interagency Commission is guided by the Constitution of Turkmenistan, Turkmen laws, acts. President of Turkmenistan, the provisions of the Mejlis, the decisions of the Cabinet of Ministers, other laws and regulations and these Regulations.
 

The objectives of the Interagency Commission:
 
- ensure the full execution of individuals and legal entities of the Law of Turkmenistan «O counteracting legalization of proceeds from crime and terrorist financing"
 

- coordination among institutions engaged in financial control, law enforcement and military agencies, and carried out in this regard the activities of persons who provide information, as well as the creation of a whole system of counteraction to the legalization of proceeds from crime and terrorist financing;
 

- enforcement of international standards on combating money laundering and terrorist financing, as well as guidelines and decisions prepared by the Commission on the development of financial measures to combat the laundering of proceeds of crime (FATF);
 

- development of strategies related to international cooperation on combating legalization of proceeds from crime and terrorist financing;
 

- To promote the prestige of Turkmenistan as a country, performing its commitments to the international community to combat money laundering and terrorist financing.
 
 
Functions of the Commission:
 
- organize the preparation of draft regulations in accordance with international standards, national legislation of Turkmenistan on combating legalization of proceeds from crime and terrorist financing, issuing its conclusions and rationale for their adoption;
 

- coordination among institutions engaged in financial control on countering the legalization of proceeds from crime and financing of terrorism, law enforcement and military agencies, and carried out in this regard the activities of persons who provide information, as well as the creation of a whole system of counteracting legalization of proceeds from crime and terrorist financing;
 

- preparation of proposals in key areas of international cooperation related to counteracting the legalization of proceeds from crime and terrorist financing;
 

- preparation of proposals for improving the system of counteraction to the legalization of proceeds from crime and terrorist financing;
 

- consideration of the reporting institutions carrying out financial control on countering the legalization of proceeds from crime and financing of terrorism, law enforcement and military agencies, and entities carrying out activities in this direction, providing the information;
 

- Development of proposals for evaluation and improvement of institutions engaged in financial control on countering the legalization of proceeds from crime and financing of terrorism, law enforcement and military agencies, and entities carrying out activities in this direction, providing the information.

 

 

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