Arzuw NEWS - Turkmenistan news

Amendments to the Laws of Turkmenistan

Today, on March 27, amendments and additions have been made to the Law of Turkmenistan "On counteracting legalization of proceeds from crime and terrorist financing.

Article 14 of the Law includes a paragraph on the application of financial sanctions for persons who are on the list of entities involved in terrorist activities, the financing of terrorism and the financing of proliferation of weapons of mass destruction. Such measures as freezing of accounts with money or property, stopping financial transactions and deals, denial of state registration of immovable property and rights to property and any deals with them will be applied to them. These bans will be lifted after the removal of the listed individuals from the list.

Also, amendments and additions have been made to a number of other laws of Turkmenistan.

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