BISHKEK (TCA) — The Financial Crimes Enforcement Network (FinCEN), which generates a list of countries suspected of money laundering and sponsorship of terrorism, has issued its new list this week, the press service of FinCEN reported.
About three dozen countries, including Kyrgyzstan and Tajikistan, are included in the list. Tajikistan and Kyrgyzstan are mentioned in the report as countries having strategic deficiencies but expressing a willingness to deal with them.
In October 2011 Kyrgyzstan showed political commitment to work with the Financial Action Task Force (FATF), the report said. However, according to experts, some gaps were identified. "Kyrgyzstan should continue working to implement its action plan to address these deficiencies, including clarifying the legal basis for the identification, tracing and freezing terrorist assets and implementing appropriate and effective oversight of programs for all financial sectors," the document says.
FinCEN has called on Kyrgyzstan to continue working and implementing its counter-terrorism plan.
Despite the high level of Tajikistan’s political commitment to work with the FATF, US financial authorities are not satisfied with the country’s achievements in the counter-terrorism plan’s implementation, the report says.
"Tajikistan should continue to work with the FATF to implement an action plan to address these deficiencies,” the report said.