Financial Crime World

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Kyrgyzstan Enhances Financial Crime Investigation Procedures with Advanced Training

A four-day training activity aimed at strengthening the capacities of investigators and prosecutors to conduct effective financial investigations was recently held in Bishkek, Kyrgyz Republic.

Background

The training program was organized by the Action “Promoting Transparency and Action against Economic Crime” in Central Asia, a joint initiative co-funded by the European Union and the Council of Europe. The program aims to strengthen capacities to fight and prevent economic crime in five Central Asian countries: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.

Training Activity

The training activity brought together 22 representatives from various competent authorities, including:

  • Training Centre
  • Ministry of Interior
  • General Prosecutor’s Office
  • State National Security Committee
  • District prosecution offices

The training was designed to support the implementation of recommendations from the Eurasian group on combating money laundering and financing of terrorism’ 2018 Mutual Evaluation Report on the Kyrgyz Republic. The report highlighted the need for improvement in the effectiveness of competent authorities in identifying, investigating, and prosecuting offenses related to money laundering.

Training Objectives

During the training, participants aimed to:

  • Improve their knowledge and skills to plan and conduct effective financial investigations
  • Learn good practices in managing different phases of the financial investigation process
  • Work on real case scenarios in an interactive learning environment

Results

The training activity took place from July 24-27, 2023, in Bishkek, Kyrgyz Republic. Participants improved their skills and knowledge to conduct effective financial investigations, considering financial investigation as a process that requires coordination and cooperation among various agencies.

Conclusion

The training activity is part of the Central Asia Rule of Law Programme 2020-2023, which aims to strengthen capacities to fight and prevent economic crime in five Central Asian countries.