The National Bank of the Republic of Tajikistan held a meeting of its Compliance Council bringing together government AML/CFT/CPF regulators and supervisors, including the Ministry of Justice, alongside responsible officials from credit financial organisations. Discussions focused on preventing illegal activity in the banking system and strengthening cooperation between financial institutions and oversight bodies. The meeting examined the illegal use of bank accounts and payment cards by third parties (droppers) and highlighted the need to strengthen monitoring of suspicious transactions and implement modern technologies in financial institutions’ control systems. The Financial Monitoring Department presented updates to procedures for freezing and unfreezing funds and other property of individuals and organisations included on terrorism-related lists, as well as to the procedure for forming and publishing the list of high-risk countries and territories; several banks also shared practical experience in preventing third-party misuse of cards and accounts. Participants submitted proposals to improve coordination and address existing obstacles, and the Compliance Council was described as an advisory working group under, and reporting to, the permanent interagency commission on AML/CFT/CPF.
National Bank of the Republic of Tajikistan 2025-06-23
National Bank of the Republic of Tajikistan convenes Compliance Council meeting on AML controls and third-party misuse of bank accounts and cards
The National Bank of the Republic of Tajikistan's Compliance Council met with government regulators and financial organisations to discuss preventing illegal banking activities and enhancing cooperation. Topics included monitoring suspicious transactions, updating procedures for freezing terrorism-linked assets, and sharing best practices to prevent misuse of bank accounts. Proposals were submitted to improve coordination, with the Compliance Council advising the interagency commission on AML/CFT/CPF.