Ashgabat, Turkmenistan, October 8
By Huseyn Hasanov – Trend:
According to the decree of the President of Turkmenistan Gurbanguly Berdimuhamedov, a financial monitoring service is being established under the Ministry of Finance and Economy of the country, the state news agency Turkmen Dovlet Khabarlary (TDKh) reported October 8.
As follows from the text of the document, this agency is being established "in order to successfully implement the tasks arising from the law of Turkmenistan "On combating money laundering and financing of terrorism" and international treaties."
This issue was discussed at a government meeting. The Vice Prime Minister Gochmyrat Myradov reported on the state of affairs in the supervised area, as well as practical steps being taken to improve the national system of combating money laundering and the financing of terrorism.
"The president noted that Turkmenistan has been implementing comprehensive measures in this area in recent years, and as of today it has been recognized as a state that does not pose a risk when making financial transactions," the message says.
In 2010, Turkmenistan became a member of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), and in 2007, it joined the European Group on Combating Money Laundering and Financing of Terrorism.
Prior to this, the law of Turkmenistan was adopted on countering the legalization of illegally obtained proceeds and the financing of terrorism. Ashgabat is regularly visited by delegations of the International Financial Action Task Force on Money Laundering (FATF).