Tajikistan’s Progress in Fighting Financial Crimes: A Look at FATF Recommendations
Amidst ongoing efforts to strengthen its financial crime prevention regime, Tajikistan recently published its follow-up report to the Financial Action Task Force (FATF) in 2021. This article provides an overview of Tajikistan’s current state of implementation of the FATF Recommendations as of 2021, based on the report.
Current state of implementation of FATF Recommendations (as of 2021)
| Recommendation | Implementation Status |
|---|---|
| R.1 | Largely Compliant |
| R.2 | Compliant |
| R.3 | Largely Compliant |
| R.4 | Largely Compliant |
| R.5 | Largely Compliant |
| R.6 | Partially Compliant |
| R.7 | Partially Compliant |
| R.8 | Partially Compliant |
| R.9 | Compliant |
| R.10 | Largely Compliant |
| R.11 | Largely Compliant |
| R.12 | Partially Compliant |
| R.13 | Largely Compliant |
| R.14 | Largely Compliant |
| R.15 | Partially Compliant |
| R.16 | Largely Compliant |
| R.17 | Not assessed |
| R.18 | Largely Compliant |
| R.19 | Largely Compliant |
| R.20 | Compliant |
| R.21 | Compliant |
| R.22DNFBPs (Customer due diligence) | Partially Compliant |
| R.22DNFBPs (Other measures) | Largely Compliant |
| R.23 | Largely Compliant |
| R.24 | Largely Compliant |
| R.25 | Partially Compliant |
| R.26 | Partially Compliant |
| R.27 | Largely Compliant |
| R.28 | Partially Compliant |
| R.29 | Compliant |
| R.30 | Largely Compliant |
| R.31 | Compliant |
| R.32 | Not assessed |
| R.33 | Not assessed |
| R.34 | Not assessed |
| R.35 | Largely Compliant |
| R.36 | Compliant |
| R.37 | Largely Compliant |
| R.38 | Partially Compliant |
| R.39 | Largely Compliant |
| R.40 | Largely Compliant |
Areas of Progress
- Risk assessment and application of risk-based approach (R.1): Tajikistan is largely compliant in this area, indicating its efforts towards a risk-based approach to combating financial crimes.
- National cooperation and coordination (R.2): The country is compliant in this area, highlighting its efforts at internal cooperation and coordination.
- Money laundering offences (R.3): Tajikistan is largely compliant in preventing money laundering offences.
Areas of Partial Compliance
- Designated Non-Financial Business and Professions (DNFBPs): Tajikistan is partially compliant in this category, indicating room for improvement in customer due diligence for DNFBPs (R.22).
- Targeted financial sanctions: The country is partially compliant in implementing its targeted financial sanctions related to terrorism and terrorism financing (R.6) and proliferation (R.7).
- New technologies: Tajikistan is partially compliant in addressing new technologies and digital assets (R.15).
- Regulation and supervision of financial institutions: The country is partially compliant in this area (R.26).
- Regulation and supervision of DNFBPs: Tajikistan is partially compliant in this area (R.28).
- Mutual legal assistance: The country is partially compliant in freezing and confiscation (R.38).
Commitment to Enhancements
Despite the progress made in implementing the FATF Recommendations, Tajikistan recognizes the need for further attention and improvement in specific areas, such as new technologies, DNFBPs, and international cooperation. The country remains committed to strengthening its efforts to combat financial crimes in the future.