ASHGABAT, Turkmenistan, October 22.
Turkmenistan’s banking sector is introducing technological
solutions to screen daily transactions for potential sanctions
risks, Chairman of the Board of the State Bank for Foreign Economic
Affairs of Turkmenistan Rahymberdi Jepbarov said, Trend's special
correspondent reports.
He made the remarks during the session “Gas Monetization,
Petrochemicals and Industrial Value Creation” at the 31st
International Conference and Exhibition “Oil and Gas of
Turkmenistan” (OGT 2026) in Ashgabat.
At the same time, he added that the country is developing its
transport and logistics infrastructure to expand exports of
domestic products to global markets.
According to him, Turkmen banks work exclusively with
first-class banks that have high credit ratings and impose strict
requirements for regulatory compliance and transaction transparency
in their daily operations.
“The banking sector is indeed focused on preventing
restrictions-related issues and sanctions risks. That is why we
operate with complete transparency: the banking sector is investing
in new technologies that ensure transparency in daily
transactions,” Jepbarov said.
He clarified that software solutions are used to screen
transactions against sanctions lists and monitor them to identify
potential sanctions risks and restrictions.
Meanwhile, the second day of the 31st International Conference
and Exhibition “Oil and Gas of Turkmenistan” (OGT 2026) has begun
in Ashgabat. As part of the event, a session is being held on the
topic “Investment and development opportunities in the Turkmen
sector of the Caspian Sea.” Discussions are focusing on investment
opportunities for developing the Turkmen sector, prospects for
offshore exploration and production of hydrocarbons, and the
development of international partnerships.
The agenda also includes existing and new production-sharing
agreements (PSAs), as well as modern seismic survey programs
designed to help assess resource potential and prepare promising
blocks for development.
