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.