International Cooperation in Counteracting Terrorism Financing and Money Laundering

The Kyrgyz Republic has outlined its international cooperation efforts in counteracting terrorism financing and money laundering through Article 7. This article emphasizes the importance of collaboration between the authorized public agency of the Kyrgyz Republic and competent authorities of foreign states.

Key Provisions of Article 7

• Cooperation with Foreign States
  • The authorized public agency shall cooperate with competent authorities of foreign states at various stages, including:
    • Data collection
    • Preliminary investigation
    • Legal proceedings
    • Execution of court decisions
• Submission of Information
  • The authorized public agency and other public authorities shall furnish competent authorities of foreign states with appropriate information based on their requests or at their own initiative.
• Confidentiality
  • Information concerning revelation, withdrawal, and confiscation of proceeds from crime and/or related to terrorism financing shall be submitted only if it does not prejudice national safety interests of the Kyrgyz Republic.
• Use of Information
  • The information provided by the Kyrgyz Republic shall not be used for purposes other than those indicated in the request without prior consent of relevant public authorities.
• Confidentiality and Purpose
  • When sending a request to a competent authority of a foreign state, the authorized public agency shall ensure confidentiality and use it only for stated purposes.

Responsibilities and Procedures

Article 7 also outlines the responsibilities and procedures for implementing requests from foreign states, including:

• Confiscation of Proceeds from Crime: The Kyrgyz Republic shall confiscate proceeds from crime as per international agreements and national laws.
• Execution of Separate Proceedings: The authorized public agency shall execute separate proceedings as requested by competent authorities of foreign states.
• Interrogations, Searches, and Transfer of Physical Evidence: The authorized public agency shall conduct interrogations, searches, and transfer physical evidence as required by competent authorities of foreign states.

By outlining these key provisions and responsibilities, Article 7 aims to strengthen international cooperation in counteracting terrorism financing and money laundering.