Representatives of the Ministry of Finances, law enforcement and inspectorate agencies, number of commercial banks and other profile structures of Turkmenistan took part in the seminar organized by the OSCE on exchange of the practices in counteraction against legalization of incomes from criminal activities (money-laundering) through offshore companies in Ashgabat on October 11 13, 2017.
International legal provisions, standards and instruments applicable for inspection of the companies, which are registered in the territories and jurisdictions with special tax regime, as well as for prevention of financial crimes, money-laundering, fraud and financing of the terrorism have been reviewed during the seminar. The experts highlighted international standards and advanced practice in this sphere.
The opportunities of risk analysis system and legal aspects of regulation of offshore companies’ activities have been reviewed at the seminar. International experts presented detailed information about proper inspection of the client as the main element of counter money-laundering.
“The OSCE attaches great importance to the efforts aimed at consolidation of international cooperation in counteracting of legalization of the incomes from criminal affairs, - Natalya Drozd, the Head of the OSCE Centre in Ashgabat has said. The Event highlights an important role of integrated approach to this issue, which also includes special measures in offshore zones”.
Practical sessions with an emphasis on new technologies of the Financial Action Task Force (FATF) have been held during the seminar.