DUSHANBE, July 8, 2014, Asia-Plus – Tajikistan’s national system of combating money laundering and the financing of terrorism was discussed at the last plenary meeting the Financial Action Task Force (FATF) that took place in Paris from June 25 to June 27, according to the National Bank of Tajikistan (NBT).
Tajik central bank notes that the FATF has positively assessed measures taken by Tajikistan to improve its legislation.
According to information posted on FATF’s website, during the last plenary meeting under the Russian presidency, the FATF adopted a number of reports, such as a typologies report on the risk of terrorist financing abuse of non-profits, and the key definitions and potential AML/CFT risks of virtual currencies. It reviewed voluntary tax compliance programs in several jurisdictions and updated its statements concerning high-risk and non-cooperative jurisdictions.
The Financial Action Task Force (FATF) is an intergovernmental organization founded in 1989 on the initiative of the G7. The purpose of the FATF is to develop policies to combat money laundering and terrorist financing. The FATF Secretariat is housed at the headquarters of the Organization for Economic Cooperation and Development (OECD) in Paris.
The FATF membership is currently made up of 34 countries and territories and 2 regional organizations. The FATF also works in close cooperation with a number of international and regional bodies involved in combating money laundering and terrorist financing.
