Kazakh, Turkmen specialists undergo anti-money laundering training



A Kazakh law enforcement officer wearing a protective mask uses his smartphone as police and servicemen set up a roadblock at the entrance to Almaty on March 18. The OSCE has organised a two-day online training session for Kazakh law enforcement on preventing money laundering and terror financing. [Ruslan Pryanikov/AFP]

NUR-SULTAN -- Specialists from Kazakhstan and Turkmenistan recently learned about methods to combat money laundering and terror financing.

A two-day online training on anti-money laundering and combating terrorist financing (AML/CFT) concluded in Nur-Sultan Tuesday (June 23), the Organisation for Security and Co-operation in Europe (OSCE) said in a statement.

The participants included about 50 officials from Kazakh law enforcement and financial oversight agencies.

The OSCE Programme Office in Nur-Sultan organised the training with help from the Finance Ministry and Prosecutor General's Office.

Trainers from Georgia and Italy gave presentations on schemes to launder illegal income and recommendations by the Financial Action Task Force (FATF) to thwart such schemes.

The participants learned about the concept of beneficial ownership and ways to assess money-laundering risks associated with legal entities.

The FATF is a multi-national body that develops AML/CFT recommendations that national financial intelligence agencies recognise as standard.

The training is part of the OSCE's multi-year efforts to fight money laundering and terror financing in Kazakhstan.

Terror financing training in Turkmenistan

Turkmen officials underwent similar training last week.

Twenty-four officials from their country's Finance and Economy Ministry, including its Financial Monitoring Service; Interior and National Security ministries and Prosecutor General's Office on June 17-19 participated in online training to build Turkmen capacity to fight terror financing.

The course followed a foundation course conducted by the United Nations Office on Drugs and Crime (UNODC) and the OSCE June 1-3.

The programme strengthens Turkmen compliance with international standards. It emphasised the role of inter-agency and international co-operation and the improvement of analytical skills and techniques.

Participants worked on exercises based on real-life scenarios.

The OSCE and UNODC offer technical assistance and share best practices in an effort to help national government agencies fight terror financing more effectively.

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