Turkmenistan, OSCE discuss measures to combat terrorism financing

AKIPRESS.COM - Turkmenistan and OSCE discussed measures to counter terrorism financing, Trend reports with reference to the Ministry of Foreign Affairs of Turkmenistan. International adviser Svetlana Poddubskaya held an online consultation on the First Draft Technical Report on the compliance of the national system of Turkmenistan with the standards for countering money laundering and the financing of terrorism hosted by Ministry of Finance and Economics of Turkmenistan on May 27, 2020.
The Turkmen side was represented by Ministry of Foreign Affairs, Ministry of Finance and Economics, Ministry of Justice, the Supreme Court, the State Statistics Committee, the State Commodity and Raw Materials Exchange, the State Customs Service, the Central Bank and a number of commercial banks and postal organizations providing money transfer services, as well as staff members of the OSCE Center in Ashgabat.
During the consultations, the parties considered the process of mutual assessment according to the Financial Action Task Force (FATF) methodology, including the compliance of the country's legislation with the FATF standards.
Parties also discussed issues related to international cooperation in combating money laundering and financing terrorism, targeted financial sanctions, as well as supervision in the sector of established non-financial enterprises and professions.