The issues of combating money laundering and terrorism financing were a focus of the special seminar organised by the Central Bank of Turkmenistan and the International Monetary Fund (IMF) in Ashgabat.

The specialists of the Central Bank of Turkmenistan, the Ministry of Economy and Finance, the national law enforcement bodies and judicial structures took part in the seminar. The IMF representative, EAG Coordinator for Turkmenistan Giuseppe Lombardo and an expert of the State Secretariat for Economic Affairs (SEKO) were invited to the seminar.

The participants were unanimous that the issues put of the agenda were of vital importance in the light of the special Resolution of President of Turkmenistan Gurbanguly Berdymuhamedov on joining by Turkmenistan the EurAsian group to combat legalization of criminal income and financing terrorism as an observer that completely conformed to Turkmenistan’ endeavours to build an effective social and economic model based on the best international practice.

The International Monetary Fund actively assists Turkmenistan in drafting the Law “On Countering Legalization of Criminal Income and Financing of Terrorism”. The IMF experts provided the consultations to the heads of the relevant departments of the Central Bank of Turkmenistan. The draft law sets forth the legal measures aimed at ensuring effective financial crime prevention and creating the conditions for wide international co-operation to concert the efforts to tackle the modern challenges.