Kyrgyz Republic

Kyrgyz Republic

Politics and economy

In its form of government, Kyrgyzstan combines elements of a presidential and a parliamentary republic. Jogorqu Kenesh is the Parliament of the Kyrgyz Republic.

Kyrgyzstan is one of the world's largest exporters of mercury and antimony with a huge hydropower potential.

Kyrgyzstan has a two-tier banking system, with the National Bank of the Kyrgyz Republic – which monitors and licenses the activities of banks and other institutions – representing the upper tier, and  25 commercial banks and non-bank specialized financial institutions making up the lower tier. Lending services in Kyrgyzstan are also provided by credit unions.

The Som is the official currency of Kyrgyzstan.

National AML/CFT regime

The Law on Combating Money Laundering and Terrorism Financing (AML) went into effect in Kyrgyzstan on November 8, 2006.

Over the past two years, Kyrgyzstan has made major amendments to its AML/CFT Law aimed at implementing the EAG's recommendations and bringing it in line with international standards. In June 2018, the Kyrgyz Parliament passed the revised version of the AML/CFT Law after three readings.

Kyrgyzstan's financial intelligence unit (FIU), which reports to the Kyrgyz Government, has been operating since September 2005.

The State Financial Intelligence Service under the Government of the Kyrgyz Republic is an administrative-type financial intelligence unit outside the country's law enforcement or judicial system. The FIU's key objective is to protect the integrity and stability of the Kyrgyz financial system.

Acting in line with the AML/CFT Law and its regulations, the FIU has entered into cooperation and information sharing agreements with the country's National Bank, State Service for Combating Economic Crimes, Interior Ministry, Prosecutor General's Office and other agencies.

The Kyrgyz FIU's cooperation with its foreign counterparts and international organizations constitutes a major part of its activities. The State Financial Intelligence Service has entered into agreements and memoranda of cooperation and mutual support with a number of foreign FIUs. 

The Kyrgyz Republic’s FIU has been a member of the Egmont Group since 2009.

The State Financial Intelligence Service of the Kyrgyz Republic is headed by a chairman, who is appointed and discharged by the Prime Minister of the Kyrgyz Republic.
Since July 2018, the position of SFIS chairman has been occupied by Gulamzhan S. Anarbaev.

GULAMZHAN S. ANARBAEV

Chairman of the State Financial Intelligence Service under the Government of the Kyrgyz Republic
Date of birth: July 23, 1968
Place of birth: the village of Tulayken, Osh Region Nationality: Kyrgyz
Citizenship: citizen of the Kyrgyz Republic
Education:  graduated from the Kyrgyz State National University's Department of Law in 1997 and received a master's degree in management from the Academy of Management under the President of the Kyrgyz Republic in 2004.
Languages: Kyrgyz and Russian

PROFESSIONAL EXPERIENCE:

1990-2005 – a law enforcement officer.
2006-2007 – head of department at the Osh Financial Police Service.
2007-2008 – head of the Osh Financial Police Directorate.
Oct. 2007-Jan. 2010 – head of directorate at the Osh Financial Police Service.
Jan. 2010-May 2010 – deputy head of the State Financial Police Service's Bishkek Directorate.
May 2010-Aug. 2010 – head of the State Financial Police Service's Financial and Logistic Support Directorate.
Feb. 2011-Feb. 2012 – deputy head of the Interior Ministry's Directorate for Combating Organized Crime and Corruption for the Osh, Jalal-Abad and Batken Regions and the city of Osh.
2012-2015 – first deputy chairman of the State Drug Control Service under the Government of the Kyrgyz Republic.
Dec. 2016-Apr. 2018 – chairman of the State Material Reserves Fund under the Government of the Kyrgyz Republic.
July 2018 until present – chairman of the State Financial Intelligence Service under the Government of the Kyrgyz Republic.

Cooperation with the EAG

On October 6, 2004 at the founding conference of the EAG in Moscow, the Kyrgyz Republic became a member of the Eurasian group.

In 2007 the Kyrgyz Republic was the first EAG member country to pass the mutual evaluationon the compliance of its national AML/CFT system with international standards.

In 2016-2018, Kyrgyzstan again became the first EAG country to undergo a second round of mutual evaluations.

In July 2008 Kyrgyzstan hosted the 8th Plenary meeting of the EAG .

In May 2017 the 26th EAG Plenary were held in Bishkek.