KYRGYZSTAN’S STATE FINANCIAL INTELLIGENCE SERVICE TRAINS FINANCIAL INSTITUTIONS IN AML BEST PRACTICES

Strengthening Anti-Money Laundering Defenses in Kyrgyzstan

The Training Center of the State Financial Intelligence Service under the Ministry of Finance of the Kyrgyz Republic has been actively training financial institutions in the country on anti-money laundering (AML) best practices to strengthen its defenses against AML threats.

About the Training Center

Established in 2012, the Training Center is responsible for improving and developing educational activities related to AML/CFT. Its main goal is to coordinate the activities of a multi-level system of training and retraining specialists for state bodies and financial institutions involved in AML/CFT.

Courses Offered by the Training Center

The center offers a range of courses designed to equip professionals with the skills they need to combat the financing of terrorist activities and money laundering. The courses cover topics such as:

• Identification of Suspicious Transactions: Recognizing and reporting suspicious transactions to prevent illegal financial activity.
• Risk Assessment: Identifying and mitigating risks associated with AML/CFT compliance.
• Compliance with International Standards: Ensuring that financial institutions comply with international standards for AML/CFT.

Goals of the Training Center

The center’s educational services aim to help professionals master and improve their skills in AML/CFT, enabling them to effectively identify and prevent illicit financial transactions. By providing these training programs, the center is helping to strengthen Kyrgyzstan’s financial sector and reduce the country’s vulnerability to AML threats.

International Collaboration

The Training Center joined the International Network AML/CFT Institute in 2017, further solidifying its commitment to AML/CFT training and education.