Indicators of money laundering, terrorism financing and corruption and best practices for interagency co-operation were discussed at an OSCE-organized seminar that concluded on 25 April 2018 in Ashgabat.
The two-day event brought together some 35 officials representing the State Service of Turkmenistan on Countering Economic Crimes, the Ministry of Finance and Economy, financial institutions, law enforcement bodies and real estate and audit companies.
International experts from Latvia and Poland presented international standards on compliance control. Their presentations focused on the development of internal documents in line with applicable legislation, risk management and the introduction of internal control methods through a double control system and specialized software.
Natalya Drozd, Head of the OSCE Centre in Ashgabat, said: “Combatting corruption, money laundering and terrorism financing is a priority political objective, which should be underpinned by the relevant legislative framework, adequate financial, personnel and organizational resources and appropriate instruments.”
Drozd also noted that the seminar provided an efficient platform for the exchange of national experiences and best international practices in the area of promoting good governance practices in this field.
The seminar laid special emphasis on modern indicators of suspicious transactions and deals related to money laundering and terrorism financing. As part of the practical exercises, the participants discussed cases related to the detection of suspicious transactions and deals.