Customs Service News

Seminar on best anti-money laundering and counter financing of terrorism practices
13 Jun
Seminar on best anti-money laundering and counter financing of terrorism practices

An OSCE-supported seminar on best practices in anti-money laundering (AML) and countering the financing of terrorism (CFT) in the sector of designated non-financial businesses and professions (DNFBP) took place in Ashgabat from 10 to 11 June 2019. A representative of the State Customs Service of Turkmenistan also took part in the seminar.

The seminar addressed ways of increasing the preventive role of non-financial businesses and professions and enhanced due diligence of customers as well as best practices in identifying beneficiaries and politically exposed persons and risk reduction in AML/CFT.

The seminar was led by an international expert from Lithuania. He highlighted the significance of control over designated non-financial businesses and professions as a mechanism for ensuring effective countering of money laundering and terrorism financing and presented key indicators of the efficiency of control in the system of AML/CFT.