OSCE-supported Eurasian Forum Joins Efforts to Counter Money Laundering and Terrorism Financing

Issyk-Kul, 3-4 September

The Eurasian Group (EAG) on Combating Money Laundering and Terrorism Financing (AML/CFT) convened its third annual forum in Issyk-Kul, Kyrgyzstan.

Money laundering and terrorism financing continue to pose significant threats to international security and stability. These criminal activities undermine the rule of law, economic resilience, and contribute to the proliferation of violence and extremism. The Eurasian Forum serves as a crucial platform for the exchange of expertise and best practices in the field of AML/CFT and the development of joint measures to strengthen the international AML/CFT framework.

The forum deliberated on key aspects of combating organized crime and ensuring financial security, including discussions on international standards, national experiences, and emerging trends in the detection and investigation of money laundering and terrorism financing-related crimes, including the use of virtual assets. The OSCE actively participates in international efforts in AML/CFT. The EAG provides support to its member-states in developing and implementing national AML/CFT programs and raising public awareness about AML/CFT risks.

Notably, the OSCE has been a valuable partner in assisting the Kyrgyz Republic in strengthening its AML/CFT system, including the development and enactment of a robust legal framework and the enhancement of the capacity of government agencies and financial monitoring bodies. Kyrgyzstan has made significant progress in this domain, bolstering its legislative framework, establishing an internal control system within financial institutions, and providing training to financial institution staff and government authorities in the detection and prevention of suspicious transactions.

"This progress has been made possible through the collaborative efforts of the Government of the Kyrgyz Republic, with the support of the OSCE and other international partners," noted Ambassador Alexey Rogov, Head of the OSCE Programme Office in Bishkek. The Eurasian Group Forum is supported by the OSCE Programme Office in Bishkek, the State Financial Intelligence of the Kyrgyz Republic, the EAG Secretariat, and the International Training and Methodological Centre for Financial Monitoring.