KYRGYZSTAN: AML/CFT ASSESSMENT FOLLOW-UP REPORT

On 23 January, FATF published the follow-up report on Kyrgyzstan undertaken by the FATF-style regional body, EAG.  A number of ratings for FATF Recommendations have been uprated since the mutual evaluation report was published in 2018 –

  • The ratings for R.12, R.17 and R.28 are upgraded from Non-Compliant to Largely Compliant;
  • The ratings for R.1, R.2, R.16, R.22, R.23, R.24, R.34 and R.38 are upgraded from Partly Compliant to Largely Compliant;
  • The rating for R.7 is upgraded from Partly C to Compliant; and
  • The rating for R.6 is upgraded from Largely Compliant to Compliant.

As usual with such follow-up reports, only technical compliance is examined – not effectiveness.  Kyrgyzstan will remain in the enhanced follow-up process and will continue to report to the EAG on progress to strengthen its national AML/CFT system.

kyrgyz

http://www.fatf-gafi.org/publications/mutualevaluations/documents/fur2-kyrgyzstan-2019.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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