Kyrgyzstan is under enhanced monitoring on combating money laundering and financing of terrorism. Ayat Kirbashev, an expert of the Government’s Executive Office, told at a round table discussion today.
According to him, EAG — the Eurasian Group on Combating Money Laundering and Financing of Terrorism — gave Kyrgyzstan a low score for the period 2016-2017 and took it under enhanced monitoring.
We worked out a detailed plan. Our measures are aimed at presenting Kyrgyzstan in the international rating as a clean country.Ayat Kirbashev
Otherwise, as participants of the discussion noted, the country can get into the «gray list, which can seriously damage its financial system and investment attractiveness.» The FATF will consider a change in the legislation of Kyrgyzstan in 2019.
Recall, in 2012, Kyrgyzstan was included in the FATF gray list due to imperfections in financial legislation.