The Financial Intelligence Service of Kyrgyzstan and the Financial Intelligence Unit of the Kingdom of Saudi Arabia have signed a Memorandum of Understanding (MoU) aimed at strengthening cooperation in combating money laundering and the financing of terrorism. The agreement was signed in Luxembourg during the 31st plenary session of the Egmont Group—an international platform for collaboration among financial intelligence units (FIUs), Economist.kg reports.
According to Kyrgyz authorities, the signing marks a significant step toward building mutual trust, fostering sustainable dialogue, and enhancing expert-level cooperation between the two countries.
Both sides reaffirmed their commitment to actively exchange knowledge and participate in joint initiatives aimed at improving the effectiveness of their national systems in preventing illicit financial flows. The MoU also underscores a shared dedication to promoting international standards and bolstering global financial security.
In addition, Kyrgyzstan’s Financial Intelligence Service held discussions with representatives of the Financial Intelligence Unit of the Lao People’s Democratic Republic. The two sides agreed to sign a similar MoU at the next Egmont Group meeting.
Kyrgyz officials emphasized that participation in the 31st Egmont plenary is part of a broader effort to strengthen both bilateral and multilateral cooperation, share operational information, and integrate international best practices into the work of national FIUs.
Key themes of the session included national and sectoral risk assessments, the development of strategic analysis capabilities, implementation of FATF recommendations, and improved effectiveness of anti-money laundering and counter-terrorism financing mechanisms.
“Kyrgyzstan continues to reinforce its role as a responsible and reliable partner within the international community in the fight against illicit financial activity,” the Financial Intelligence Service stated. “Expanding international partnerships is essential for increasing transparency in the financial sector and strengthening resilience both nationally and globally.”
CentralasianLIGHT.org
July 11, 2025