Turkmenistan establishes interdepartmental commission on combating money laundering
Turkmenistan, Ashgabat, Feb. 26 / Trend H.Hasanov /
An interdepartmental coordinating working committee was established under the Turkmen Finance Ministry to counteract the legalization of proceeds from crime and terrorist financing. The status of the commission has already been approved.
President Gurbangulu Berdimuhammedov signed the corresponding decree.
In 2010, Turkmenistan joined as a full member the Eurasian Group on Combating Money Laundering and Terrorist Financing (EAG). This organization was founded in 2004 under the countries such as Belarus, Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. 15 states and 14 organizations had observer status.
In 2007, Turkmenistan became a member of the European Group on combating money laundering and terrorist financing. Earlier, Turkmenistan adopted the Law on Combating Legalization of Proceeds from Crime and Financing of Terrorism.
Ashgabat is regularly visited by the delegation of the International Group of Financial Action Task Force (FATF).