How to Register with the Financial Monitoring Department of the SCECT?

The State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) has announced an updated list of documents required for registration with its Financial Monitoring Department. This measure is aimed at combating money laundering and the financing of terrorism.

To register, clients must submit information about their identity document. Based on the data received, exchange specialists carefully review the client’s activities and transaction types, assess the relevant risk level, and then enter the client’s information into the automated banking system.

Registration and document submission are carried out online through the exchange’s personal account system. Clients can upload documents, questionnaires, and templates there, as well as complete the required document lists if necessary. They may also communicate with the exchange administrators.

Affiliated and non-affiliated clients, including individual entrepreneurs and legal entities, must submit the following documents for identification:

• an application addressed to the Chairman of the Exchange requesting registration;
• notarized copies of the founding documents of individual entrepreneurs and legal entities, certified by national notarial bodies or the Consular Service of Turkmenistan;
• a questionnaire:
  • for individual entrepreneurs;
  • for legal entities.

Clients are responsible for the authenticity of the submitted documents, which must be translated into the state language.

Compliance with these requirements ensures transparency of operations, strengthens the reliability of cooperation with the exchange, and supports adherence to financial monitoring regulations.