Close relatives in Tajikistan are now banned from jointly working in the same state-run lending agency. The Majlisi Namoyandagon (Tajikistan’s lower chamber of parliament) has endorsed amendments proposed by the government to the country’s law on banking activity.
A regular sitting of the Majlisi Namoyandagon, presided over by its head, Muhammattoir Zokirzoda, took place on June 24.
Lawmakers unanimously voted for amendments proposed by the government to the law on banking activity.
The amendments, in particular, provide for banning close relatives from jointly working in state-run lending agencies.
The bill on the amendments notes that a new article – Article 24’ – has been added “for the purpose of preventing joint activity of close relatives in the state-run lending agencies in order to prevent transaction risks that could be caused by their activity or inactivity.”
In accordance with Tajikistan’s legislation, the close relatives are parents, spouses, children, brothers, sisters, sons, daughters as well as brothers, sisters, parents and children of spouses.
The amendments made to the country’s law on banking activity also provide for strengthening control over activities of financial institutions and bringing Tajikistan’s laws in compliance with international standards.
