The Bill

The President of Kyrgyzstan, Sooronbay Jeenbekov, has signed into law the bill "On Combating Terrorist Financing and Money Laundering".

The bill was passed by Jogorqu Kenesh of Kyrgyzstan on June 28, 2018.

The purpose of the Law is to put in place a legal framework for a comprehensive, target-driven and effective fight against terrorist financing and money laundering.

The implementation of the Law is expected to result in the following: 

- improved TF/ML prevention; 
- improved investment climate and reputation of Kyrgyzstan, including its financial institutions, as a highly reliable and trustworthy partner, which will enable them to operate more freely on international financial markets;
- creation of additional mechanisms for combating corruption, including for the search and repatriation of funds siphoned out of Kyrgyzstan, including offshore, through illegal or criminal activities.

The law will enter into force on the sixteenth day from the date of its official publication.

State Financial Intelligence Service under the Government of the Kyrgyz Republic