The CA TAEC project team and the representatives of Ministries of Foreign Affairs, Internal Affairs, Finance and Economy and National Bank of Turkmenistan discussed by a video-conference organised on 5 May the country's needs and priorities in view of strengthening national capacities to fight corruption, money laundering and terrorism financing, as well as to enhance the private sector anti-corruption compliance and business integrity. The proposals of Turkmen authorities are being considered within the finalisation of the work plan of the Joint EU-CoE "Enhancing Transparency and Action against crime" Project, which contains immediate and medium-term priorities in areas specified above. The Project Team and Turkmen authorities will work together towards advancing the process and embarking on the implementation of joint activities in priority areas, among which are beneficial ownership, banking supervision and capacity building for an effective AML/CFT supervision; improvement of AML/CFT legislation.
The video-conference was also reflected on the website of the Ministry of Foreign Affairs of Turkmenistan.
This activity was organised in the framework of the project “Promoting Transparency and Action against Economic Crime”, part of the Central Asia Rule of Law Programme 2020-2023, joint initiative co-funded by the European Union and the Council of Europe and implemented by the Council of Europe. The project is aimed at strengthening capacities to fight and prevent economic crime in five Central Asian countries, including Turkmenistan.