Monitoring National Risk Analysis (FIU)

 

EU-ACT Project has a well-established, solid cooperation with the State Service on Financial Intelligence under the Government of the Kyrgyz Republic (FIU) in the areas of enhancing expertise in financial investigations parallel to drugs, as well as enhancing cooperation and collaboration of FIU in international platforms where Kyrgyzstan is a member. 

One of the main activities ongoing currently within this cooperation is assistance to Kyrgyzstan in implementation of its commitment in frames of its membership in FATF - Financial Action Task Force (A global money laundering and terrorist financing watchdog), on elaboration of the National Risk Assessment on money laundering and financing terrorism (NRA).

NRA is an instrument, to identify, assess and understand the money laundering (ML) and terrorist financing (TF) risks that they are exposed to. Once these risks are properly understood, countries with membership in FATF will be able to implement anti-money laundering and counter terrorist financing measures that mitigate these risks. This approach, the risk-based approach, is central to the effective implementation of the FATF Standards and applies to financial institutions and designated non-financial businesses and professions.

In December 2019, EU-ACT Project and FIU, as a coordinating body conducted the first Workshop for the Interagency working group, involving representatives of relevant public and private organizations with invitation of Spanish experts. In January 2020, the second part of the Workshop on National Risk Assessment on ML and FT was conducted in Madrid, Spain. The 3-day Workshop for the high management of FIU under the Government of the Kyrgyz Republic included working sessions led by Spanish experts Silvina Capello and Mariano Garcia Fresno, as well as meetings with authorized representatives of Spanish Notaries Central Prevention Unit, SEPBLAC and Spanish Treasury. 

Currently, the elaboration of NRA of Kyrgyzstan is ongoing by regular contact of FIU with above-stated Spanish experts and logistical support of EU-ACT.

Within three years of project implementation in Kyrgyzstan, activities are being implemented on training of law enforcement agencies on detection and investigation of drug crimes, improvement of international cooperation in countering transnational drug related crimes and assistance in conduction of joint interagency and international operative and investigative activities.

Operative Dimension

Code
Year
Component
Region
Country
Place
Activity Type
Bishkek - Madrid
Assessment
Objectives

Assist and guide the national authorities in the work on needs assessment that complements the EAG Report, identification of these areas that could have systemic effect and prioritization of the efforts on bringing about change in those fields.

Development of the national strategy on introduction of risk-oriented approach to countering money laundering and organized crime financing related to the prevention and countering of organised crime related offences.

 

Institutions

FIIAPP - Fundación Internacional y para Iberoamérica de Administración y Políticas Públicas

FIIAPP - Fundación Internacional y para Iberoamérica de Administración y Políticas Públicas

Spain
Organiser

SFIS - State Financial Intelligence Service of Kyrgyzstan

SFIS - State Financial Intelligence Service of Kyrgyzstan

Kyrgyzstan
Beneficiary

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Monitoring National Risk Analysis (FIU)

EU-ACT Project has a well-established, solid cooperation with the State Service on Financial Intelligence under the Government of the Kyrgyz Republic (FIU) in the areas of enhancing expertise in financial investigations parallel to drugs, as well as enhancing cooperation and collaboration of FIU in international platforms where Kyrgyzstan is a member. 

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