OSCE supports money-laundering risk assessment in Kyrgyzstan
Azerbaijan, Baku, March 13 / Trend V. Zhavoronkova/
A three-day workshop on assessing the risk of money laundering started in Bishkek on 13 March 2012, OSCE reported. The event was organized by the OSCE, the World Bank and the UNODC in cooperation with Kyrgyzstan's State Financial Intelligence Service.
The workshop is the first phase of a comprehensive national risk assessment exercise, which aims to assess the risk money laundering poses in Kyrgyzstan's jurisdiction.
This entails understanding the proceeds of crime generated in the country, the vulnerability of the economic and financial sectors to money laundering, and the weaknesses in the criminal justice and preventive system, among others. During the workshop, OSCE, UNODC and World Bank experts introduced the World Bank's national risk assessment methodology and tool.
Representatives of all relevant anti-money laundering and counteracting financing of terrorism government agencies of Kyrgyzstan took part in the event. They learnt about the structure, features, and functions of the national risk assessment tool to be able to explore it in practice.