Strengthening the Anti-Money Laundering Regime (ADB-47315-001)

Countries
  • Tajikistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 1, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Tajikistan, National Bank of Tajikistan
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 7, 2018

Disclosed by Bank Dec 9, 2013


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Project Description
According to ADB website, the TA will (i) assist the Government in conducting its national risk assessment, (ii) identify and address legal and regulatory gaps that may exist to comply with the requirements under the recently revised FATF standards, (iii) improve the AML/CFT control system, and (iv) provide capacity development to the financial intelligence unit, law enforcement agencies and financial institutions. The impact of the TA will be reduced risks and costs of investing in Tajikistan’s financial system. The TA will also benefit ADB’s recently approved projects in Tajikistan, which have financial intermediary loan components to be implemented by domestic financial institutions.9 The TA outcome will be a strengthened AML and CFT regime in Tajikistan. This will help Tajikistan achieve a positive assessment in the next FATF mutual evaluation report.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Zaidansyah, Said Office of the General Counsel No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main