Financial Crime World

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Tajikistan’s Financial Regulatory Bodies: A Key Player in the Region

As Tajikistan continues to industrialize and develop its economy, the country’s financial regulatory bodies are playing a crucial role in ensuring the stability and integrity of the financial sector. The Financial Monitoring Department under the National Bank of Tajikistan (FMD) is at the forefront of efforts to combat money laundering, terrorist financing, and other financial crimes.

The Role of FMD

The FMD is responsible for:

  • Collecting and analyzing suspicious transaction reports (STRs)
  • Regulating and supervising reporting entities
  • Ensuring compliance with anti-money laundering and combating the financing of terrorism (AML/CFT) legislation

FMD works closely with other government agencies, including law enforcement and regulatory bodies, to share intelligence and coordinate investigations.

Tajikistan’s AML/CFT System

Tajikistan’s AML/CFT system is governed by a legal framework that includes:

  • The 2011 AML/CFT Law
  • Periodic amendments to align with international standards

The country has also established an Interagency Commission on AML/CFT/CPF to coordinate efforts among government agencies and ensure effective implementation of the system.

Regional and International Cooperation

Tajikistan is actively engaged in regional and international cooperation on financial issues, including:

  • Membership in the Eurasian Group (EAG)
  • Collaboration with other nations to share best practices and address common challenges

National Development Strategy until 2030

The National Development Strategy until 2030 aims to further develop the country’s economy, and the financial sector is expected to play a key role in this process. With its robust regulatory framework and proactive approach to combating financial crime, Tajikistan is well-positioned to achieve its economic goals while maintaining the stability and integrity of its financial system.

Head of Delegation

The country’s head of delegation to the EAG is Mr. Halim Mirzoaliev, Director of the Financial Monitoring Department under the National Bank of Tajikistan. Under his leadership, Tajikistan continues to contribute to international efforts to combat financial crime and promote economic cooperation in the region.

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