OSCE, Kyrgyz State Financial Intelligence Service train public and private sector representatives on combating money-laundering and financing of terrorism

BISHKEK, 27 October 2014 – Four training courses on combating money-laundering and the financing of terrorism, organized by the Kyrgyz State Financial Intelligence Service and the OSCE Centre in Bishkek, will take place from 27 to 30 October 2014 at the Training Centre of the State Financial Intelligence Service in Bishkek.

Some 150 oversight agencies, law enforcement agencies and representatives of courts, public, financial and private sector will participate in the courses.

The OSCE-supported experts from the public and private sectors will deliver courses on: conducting risk assessments during documentary and on-site audits in compliance with Kyrgyzstan’s legislation on combating money-laundering and the financing of terrorism; considering and investigating criminal cases; the study and practical application of the revised Recommendations of the Financial Action Task Force (on Money-Laundering) and on different approaches to be used in combating money-laundering and financing of terrorism.

“An effective anti-money laundering and terrorist financing regime is an integral part of the economic stability and integrity of the financial system,” said Yulia Minaeva, Senior Officer of Economic and Environmental Dimension at the OSCE Centre in Bishkek. “The OSCE Centre in Bishkek is strongly committed to assisting the Kyrgyz Government in strengthening the country’s financial system for the benefit of the Kyrgyz Republic.”

The OSCE Centre in Bishkek established the first Training Centre for the Financial Intelligence Services in the Central Asian region back in March 2013. It aims to build the technical capacity of the Financial Intelligence Service and enhance the technical skills and knowledge base of agency experts and all relevant stakeholders in this area. To date some 500 civil servants and private sector employees have completed training courses on the legal framework as well as international practice and standards used in the fight against money-laundering and the financing of terrorism.