OSCE – Eurasian Forum Combines to Counter Money Laundering and Terrorism Financing

The Organisation for Security and Co-operation in Europe (OSCE) supported the joint efforts with the Eurasian Group (EAG) to prevent money laundering and terrorism financing. 

EAG conducted its third annual conference in Issyk-Kul to raise awareness about the latest Anti-Money Laundering (AML) regulations. The State of Financial Service Kyrgyzstan has organised this conference with the OSCE programme office and the United Nations (UN) office.  There is a constant threat to the dignity of the international economic ecosystem caused by financial scams, such as money laundering and terrorist financing, that pose a significant risk to global security. The forum discussed important issues like global norms and national situations as well as new developments in the identification or investigation of crimes related to money laundering and terrorism financing, including the use of virtual assets to combat criminal organisations and ensure financial stability.

The EAG members, including the UN Office on Drugs and Crime (UNODC) and the UN Regional Centre for Preventive Diplomacy for Central Asia, with other international experts and representatives of global and regional organisations, participated in the event. The conference aims to address union countries to combat money laundering and exchange expertise for practices related to AML and CFT regulations. The OSCE urged EAG to implement international AML and CFT regulations in the other group members. Conferences like these benefit International regulatory authorities to raise awareness about the latest obligations and new techniques to comply with AML/CFT. 

Kyrgyzstan has advanced significantly in preventing money laundering by strengthening its legal structure, implementing a system for internal oversight within the banking sector, and training government officials and financial institution staff in identifying and avoiding suspicious transactions. The OSCE is a valuable partner of the Kyrgyz Republic in countering money laundering and developing the latest robust measures to bolster the security of financial institutes. Ambassador Alexey Rogov, Head of the OSCE Programme Office in Bishkek, stated, “This progress has been made possible through the collaborative efforts of the Government of the Kyrgyz Republic, with the support of the OSCE and other international partners.”

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