OSCE Office in Tajikistan supports National Risk Assessment of money laundering and terrorism financing

A practical workshop organized by the OSCE Office in Tajikistan on the National Risk Assessment of money laundering and terrorism financing processes took place at Bahoriston resort in Sughd region on 27-29 October 2015.  

Two international experts trained members of the Working Group on the National Risk Assessment representing 13 state institutions on how to identify risks in related fields and develop practical tools to gather data and statistics. They also discussed the role of financial institutions in preventing money laundering and counter terrorism financing.

During practical sessions, participants analyzed threats and simulated development of an Action Plan and National Strategy on the National Risk Assessment, in accordance with requirements of the Financial Action Task Force (FATF) and the Eurasian Group on Combatting Money Laundering and Terrorism Financing (EAG).

Martina Schmidt, Senior Anti-Corruption Officer at the OSCE Office said that the workshop was a timely initiative in light of Tajikistan’s upcoming National Risk Assessment report, as recommended by the EAG.  

This was the first workshop by the OSCE Office in Tajikistan on the National Risk Assessment and was organized to build the practical and institutional capacities of responsible Tajik structures for better implementing international commitments on preventing money-laundering, to promote a risk-based approach, inter-agency co-operation and co-ordination, and to help members of the National Risk Assessment Working Group to comply with FATF recommendations.

The event follows the workshop on investigation techniques for money laundering and corruption-related crimes held in 2014.