Kyrgyzstan Makes Significant Progress in Anti-Money Laundering Efforts, Receives Improved Rating

The Kyrgyz Republic has made significant strides in addressing technical compliance shortcomings identified during its 2020 mutual evaluation, resulting in an improvement in its rating on key recommendations.

Progress and Upgrades

According to recent updates, two key recommendations have seen significant upgrades:

• Recommendation 8: Initially classified as partially compliant, this recommendation has been upgraded to largely compliant.
• Recommendation 15: Similarly, initially rated as partially compliant, this recommendation has now been re-rated as largely compliant.

Ongoing Monitoring and Reporting

Despite this progress, the Kyrgyz Republic remains under enhanced monitoring by international authorities. The country will continue to report regularly on its efforts to strengthen its anti-money laundering and combating the financing of terrorism (AML/CFT) system.

European Association Group Oversight

The European Association Group (EAG) is closely tracking the country’s progress in implementing reforms aimed at improving its AML/CFT regime. This ongoing monitoring will ensure that the Kyrgyz Republic continues to make strides towards a robust and effective anti-money laundering framework.