Council of Europe raises awareness on anti-corruption compliance for the business sector in Turkmenistan

On 14-16 November 2022, the Financial Crime and Cooperation Division, by means of the Motion on “Selling Transparency and Motion in opposition to Financial Crime” in Central Asia, held a three-day consciousness elevating webinar on “Ethics, Anti-Corruption Compliance, Danger Administration and Anti-Bribery for representatives of enterprise entities in Turkmenistan”.

The occasion gathered 16 representatives of the Union of Industrialists and Entrepreneurs of Turkmenistan, Ashgabat Inventory Alternate, small and medium enterprises, Ministry of Justice, Ministry of Inner Affairs, Monetary Monitoring Service on the Ministry of Finance and Economic system of Turkmenistan, and the Prosecutor Normal Workplace of Turkmenistan.

The webinar aimed to lift consciousness of the enterprise sector on anti-corruption compliance packages and integrity coverage devices, with a particular deal with threat evaluation and administration. The occasion additionally aimed to elucidate and determine pink flags within the context of corruption practices and supply sensible examples learn how to determine and handle them. Individuals discovered about worldwide requirements and practices on codes of conduct, battle of curiosity and mechanism of cooperation between the private and non-private sectors within the prevention and battle in opposition to corruption. The occasion deepened the understanding relating to the significance of integrity due diligence on third events and set out the premise of an integrity plan and primary steps required for growth and implementation of an anti-corruption programme.

Furthermore, individuals have been guided by means of examples of anti-corruption laws on the worldwide degree (resembling FCPA of the USA, Sapin II of France, Anti-Bribery Act of the UK) adopted by case research and examples illustrating how these acts are virtually utilized. Discussions on the strengths and weaknesses of the anti-corruption laws of Turkmenistan together with what steps ought to be taken to enhance the investigation and prosecution of corruption offences have been additionally raised throughout the occasion. Attendees explored and shared their views on how enterprise associations can facilitate the creation of anti-corruption programmes within the personal sector of Turkmenistan.

This exercise was organised by the Motion on “Selling Transparency and Motion in opposition to Financial Crime”, within the framework of the Central Asia Rule of Regulation Programme 2020-2023, which is a joint initiative co-funded by the European Union and the Council of Europe and carried out by the Council of Europe. The Motion is aimed toward strengthening capacities to battle and stop financial crime in 5 Central Asian nations (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan).