Anti-money laundering and countering financing of terrorism focus of OSCE –organized lecture course in Turkmenistan

From 4 to 7 October 2022, the OSCE-Centre in Ashgabat organized a lecture course on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) aspects within the Economy, Finance and Credit, Jurisprudence and International relations disciplines.

The four-day event was held in a hybrid format and gathered students from the Turkmen State Institute of Economics and Management, International University for Humanities and Development, Turkmen State University named after Magtymguly, Turkmen State Institute of Architecture and Construction as well as representatives from relevant ministries. The event aimed to raise awareness of students on a number of AML/CFT issues and to support their preparation for the International Financial Security Olympiad 2022.

An international expert from Kyrgyzstan presented best practices in implementation of FATF recommendations that includes realization of Technical compliance and FATF Intermediate outcomes.  Discussions focused on the main AML / CFT measures implemented by the financial institutions, designated non-financial businesses and professions (DNFBPs), supervisory and law enforcement agencies. The expert stressed the importance of international and interagency co-operation, and provided a short overview of AML/CFT system of EAG countries, AML/CFT typologies and methodologies of financial investigation.

“As a significant member of civil society, youth, - has an important role in the security debates and contributes into all three dimensions of the OSCE`s work,” said Ivana Markovic-Boskovic, Economic and Environmental Officer of the OSCE Centre in Ashgabat.

“Therefore, the OSCE and our Centre, continue to meaningfully integrate youth perspectives into its peace and security agenda, based on an extensive set of the OSCE commitments, dating back to the Helsinki Final Act,” added Markovic-Boskovic. “Today`s seminar is a confirmation of an important role that Youth has in the implementation of good governance standards.”

The activity is organized as part of the Centre’s support to the host country in strengthening the implementation of good governance standards, specifically through projects that address combating corruption, money laundering and the financing of terrorism, and promote inter-agency and co-operation with civil society and a private sector.