Project Name Strengthening the Anti-Money Laundering Regime
Project Number 47315-001
Country Tajikistan
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8632-TAJ: Strengthening the Anti-Money Laundering Regime
Cooperation Fund for Regional Trade and Financial Security Initiative US$ 350,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Public sector management - Public expenditure and fiscal management

Gender Equity and Mainstreaming No gender elements
Description 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.
Project Rationale and Linkage to Country/Regional Strategy
Impact Risks and costs of investing in Tajikistan financial system reduced.

Project Outcome

Description of Outcome Strengthened AML/CFT regime.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. National money laundering and terrorist financial risk assessment conducted.

2. Measures identified and recommended to address legal and regulatory gaps to comply with the 2012 FAFT recommendations.

3. The AML/CFT control system improved.

4. Staff of relevant institutions trained on AML/CFT-related issues.

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation

Business Opportunities

Consulting Services

(i) 2 international consultants for a total of 7.5 person months (intermittent)

(ii) 2 national consultants for a total of 12 person months (intermittent)

(iii) resource persons for workshops

Procurement There is no anticipated procurement of goods.

Responsible Staff

Responsible ADB Officer Zaidansyah, Said
Responsible ADB Department Office of the General Counsel
Responsible ADB Division Office of the General Counsel
Executing Agencies
National Bank of Tajikistan
23/2 Rudaki Avenue
734025 Dushanbe
Tajikistan

Timetable

Concept Clearance 12 Nov 2013
Fact Finding 18 Nov 2013 to 22 Nov 2013
MRM -
Approval 01 Apr 2014
Last Review Mission -
Last PDS Update 09 Dec 2013

TA 8632-TAJ

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
01 Apr 2014 24 Apr 2014 24 Apr 2014 31 Jul 2015 30 Jun 2017 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 350,000.00 50,000.00 0.00 0.00 0.00 400,000.00 01 Apr 2014 211,992.57

 
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