EAG Mutual Evaluation of Tajikistan 2018 - Ratings

1. Anti-money laundering and counter-terrorist financing measures in Tajikistan – Mutual Evaluation Report – December 2018 1
Anti-money laundering and counter-
terrorist financing (AML/CFT)
measures in Tajikistan
Fourth Round Mutual Evaluation
Ratings
December 2018
http://www.fatf-gafi.org/publications/mutualevaluations/documents/mer-tajikistan-2018.html

2. Anti-money laundering and counter-terrorist financing measures in Tajikistan – Mutual Evaluation Report – December 2018
Ratings – Effectiveness (1/3)
2
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Tajikistan has
achieved this
objective
1. ML and TF risks are understood and, where appropriate,
actions co-ordinated domestically to combat ML and TF
Substantial
2. International co-operation delivers appropriate information,
financial intelligence, and evidence, and facilitates action
against criminals and their assets
Substantial
3. Supervisors appropriately supervise, monitor and regulate
financial institutions and designated non-financial
businesses and professions (DNFBPs) for compliance with
AML/CFT requirements commensurate with their risks.
Moderate
4. Financial institutions and DNFBPs adequately apply AML/CFT
preventive measures commensurate with their risks, and
report suspicious transactions.
Moderate

3. Anti-money laundering and counter-terrorist financing measures in Tajikistan – Mutual Evaluation Report – December 2018 3
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Tajikistan has
achieved this
objective
5. Legal persons and arrangements are prevented from misuse
for money laundering or terrorist financing, and information
on their beneficial ownership is available to competent
authorities without impediments
Moderate
6. Financial intelligence and all other relevant information are
appropriately used by competent authorities for money
laundering and terrorist financing investigations.
Moderate
7. Money laundering offences and activities are investigated
and offenders are prosecuted and subject to effective,
proportionate and dissuasive sanctions
Low
8. Proceeds and instrumentalities of crime are confiscated. Moderate
Ratings – Effectiveness (2/3)

4. Anti-money laundering and counter-terrorist financing measures in Tajikistan – Mutual Evaluation Report – December 2018 4
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Tajikistan has
achieved this
objective
9. Terrorist financing offences and activities are investigated
and persons who finance terrorism are prosecuted and
subject to effective, proportionate and dissuasive sanctions.
Substantial
10. Terrorists, terrorist organisations and terrorist financiers are
prevented from raising, moving and using funds, and from
abusing the non-profit sector.
Moderate
11. Persons and entities involved in the proliferation of weapons
of mass destruction are prevented from raising, moving and
using funds, consistent with the relevant United Nations
Security Council Resolutions.
Low
Ratings – Effectiveness (3/3)

5. Anti-money laundering and counter-terrorist financing measures in Tajikistan – Mutual Evaluation Report – December 2018 5
Ratings – Effectiveness

6. 6
Ratings – technical compliance
(1/5)
AML/CFT POLICIES AND COORDINATION
1. Assessing risks & applying a risk-based approach LarLarLarLar Largely Compliant
2. National cooperation and coordination ComCo Co Com Compliant
MONEY LAUNDERING AND CONFISCATION
3. Money laundering offence LarLarLarLar Largely Compliant
4. Confiscation and provisional measures LarLarLarLar Largely Compliant
TERRORIST FINANCING AND FINANCING OF PROLIFERATION
5. Terrorist financing offence LarLarLarLar Largely Compliant
6. Targeted financial sanctions related to terrorism & terrorist
financing ParPa Pa Par Partially Compliant
7. Targeted financial sanctions related to proliferation NonNonNo Non Non Compliant
8. Non-profit organisations ParParPa Par Partially Compliant

7. 7
Ratings – technical compliance
(2/5)
PREVENTIVE MEASURES
9. Financial institution secrecy laws ComCo Co Com Compliant
Customer due diligence and record keeping
10. Customer due diligence LarLarLarLar Largely Compliant
11. Record keeping LarLarLarLar Largely Compliant
Additional measures for specific customers and activities
12. Politically exposed persons ParPa Pa Par Partially Compliant
13. Correspondent banking LarLarLarLar Largely Compliant
14. Money or value transfer services LarLarLarLar Largely Compliant
15. New technologies ParParPa Par Partially Compliant
16. Wire transfers ParParPa Par Partially Compliant

8. 8
Ratings – technical compliance
(3/5)
PREVENTIVE MEASURES (continued)
Reliance, Controls and Financial Groups
17. Reliance on third parties N/A
18. Internal controls and foreign branches and subsidiaries LarLarLarLar Largely Compliant
19. Higher-risk countries LarLarLarLar Largely Compliant
Reporting of suspicious transactions
20. Reporting of suspicious transactions ComCo Co Com Compliant
21. Tipping-off and confidentiality ComCo Co Com Compliant
Designated non-financial Businesses and Professions (DNFBPs)
22. DNFBPs: Customer due diligence ParParPa Par Partially Compliant
23. DNFBPs: Other measures LarLarLarLar Largely Compliant

9. 9
Ratings – technical compliance
(4/5)
TRANSPARENCY AND BENEFICIAL OWNERSHIP OF LEGAL
PERSONS AND ARRANGEMENTS
24. Transparency and beneficial ownership of legal persons LarLarLarLar Largely Compliant
25. Transparency and beneficial ownership of legal arrangements Pa ParPa Pa Partially Compliant
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES
Regulation and Supervision
26. Regulation and supervision of financial institutions Pa ParPa Pa Partially Compliant
27. Powers of supervisors LarLarLarLar Largely Compliant
28. Regulation and supervision of DNFBPs Pa ParPa Pa Partially Compliant
Operational and Law Enforcement
29. Financial intelligence units Co ComCo Co Compliant
30. Responsibilities of law enforcement and investigative
authorities LarLarLarLar Largely Compliant
31. Powers of law enforcement and investigative authorities Co ComCo Co Compliant
32. Cash couriers LarLarLarLar Largely Compliant

10. 10
Ratings – technical compliance
(5/5)
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES (continued)
General Requirements
33. Statistics LarLarLarLar Largely Compliant
34. Guidance and feedback LarLarLarLar Largely Compliant
Sanctions
35. Sanctions ParPa Pa Par Partially Compliant
INTERNATIONAL COOPERATION
36. International instruments ComCo Co Com Compliant
37. Mutual legal assistance LarLarLarLar Largely Compliant
38. Mutual legal assistance: freezing and confiscation ParParPa Par Partially Compliant
39. Extradition LarLarLarLar Largely Compliant
40. Other forms of international cooperation LarLarLarLar Largely Compliant

11. Anti-money laundering and counter-terrorist financing measures in Tajikistan – Mutual Evaluation Report – December 2018 11
Ratings – technical compliance