Translated with AI
On May 18, 2026, the National Bank of Tajikistan, together with the international audit and consulting firm KPMG, held a training seminar on "Anti-fraud and compliance practices in the field of sanctions regulation" for representatives of credit, financial, and insurance organizations, the NBT press department reported.
The seminar focused on sanctions compliance, sanctions risk assessment, and internal control procedures in credit, financial, and insurance institutions. Participants examined compliance with US and European Union sanctions, as well as recommendations based on international experience.
At the event, representatives from the financial sector discussed the importance of effective collaboration between internal control, including the risk management system, and internal audit in accordance with the "three lines of defense" model. It was noted that this mechanism plays a crucial role in the timely identification, assessment, and mitigation of sanctions and other compliance risks, and also facilitates financial institutions' compliance with regulatory requirements.
The organizers emphasized that developing sanctions compliance is an important element in strengthening the financial sector's resilience, mitigating the risks of non-compliance with international restrictive measures, and protecting the image and reputation of financial institutions. They also noted the importance of such measures for expanding cooperation with international partners.
The National Bank of Tajikistan reported that conducting such training seminars, along with other educational activities, helps strengthen the professional potential of financial market participants and further implement best international practices in compliance.
