A Council of Europe delegation visited Turkmenistan to assess the needs of authorities in the area of anti-corruption, anti-money laundering/combating the financing of terrorism, as well as private sector compliance and protection of entrepreneurs’ rights. The Council of Europe delegation met with representatives of the Ministry of Finance, General Prosecutors Office, Central Bank, State Security Service, Commercial banks and Chamber of Commerce. All counterparts expressed significant interest in cooperating with the Council of Europe, especially in the areas of risk-based supervisory and private sector practices, capacity building through training programmes, as well as assistance to implement international AML/CFT standards taking into account lessons learned from on-going FATF, Moneyval and EAG evaluations.

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.