The Financial Intelligence Unit (RAB) on Wednesday established a new list of countries with an increased risk of terrorist financing, adding Kyrgyzstan, Tajikistan and Turkmenistan to the list. Money. Illustrative photo. Photo: Peeter Lillevali
The Financial Intelligence Unit (RAB) on Wednesday established a new list of countries with an increased risk of terrorist financing, adding Kyrgyzstan, Tajikistan and Turkmenistan to the list.
The list of risk countries, according to the assessment of the European Union, the global Financial Action Task Force on Money Laundering (FATF) and the competent state authorities of Estonia, includes 32 jurisdictions.
Kyrgyzstan, Tajikistan and Turkmenistan have been added as risks associated with Central Asia have again become more prominent due to the activities of terrorist organizations.
As Deputy Head of RAB Bureau Laura Aus noted, the main thing to pay attention to is that the United Arab Emirates is still on the list of risk countries.
“While the United Arab Emirates is no longer on the so-called FATF grey list, it has now been added to the European Union’s list of third countries with increased risk, taking into account the international context of preventing money laundering and terrorist financing,” Aus said.
A higher risk of terrorist financing does not mean that a particular country is financing terrorism, but it refers to the risk that could materialize given a combination of circumstances. The risk country approach is more aimed at combating Islamic extremism.
The list of countries with a higher risk of terrorist financing is prepared by the Money Laundering Intelligence Bureau in cooperation with the Security Police.
The list is reviewed once a year and updated as necessary.