Training seminar on Assessing risks related to combating legalization (laundering) of proceeds from crime, financing of terrorism and financing of proliferation of weapons of mass destruction

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From October 21 to 24, 2024, a training seminar was held at the National Bank of Tajikistan with technical assistance from the Asian Development Bank.

During the event, participants from government agencies such as the ministries of justice and finance, the Communications service under the Government of the Republic of Tajikistan, and accountable entities (including financial credit organizations, insurance organizations, bookmakers, pawnshops, the office of state notaries, etc.) discussed issues related to assessing risks associated with combating legalization (laundering) of proceeds from crime, financing of terrorism and financing of proliferation of weapons of mass destruction (CLPC/FT/FPWMD) in their business activities.

An expert from the Asian Development Bank presented participants with information on best practices and introduced several projects: "Guidelines on the Procedure for conducting inspections of accountable entities by supervisory authorities (ministries of justice and finance, National Bank, and Communications service) regarding CLPC/FT/FPWMD, "Matrix of CLPC/FT/FPWMD risk assessment for supervisory authorities," and "Methodology of CLPC/FT/FPWMD risk assessment for the private sector." The expert also demonstrated how these projects can be applied in daily workflows.

In addition, the expert facilitated practical exercises using the "Risk Assessment Matrix" and explained its application and adaptation to real-world scenarios.

It is anticipated that these project materials, following discussions with all parties involved, will be approved and implemented by supervisory bodies and reporting entities.

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25.10.2024