It's important: currency exchange offices in Kyrgyzstan will check the origin of your funds » Gazeta.kg

Starting from January 14, new rules developed by the National Bank regarding exchange offices will come into effect. According to these changes, exchange points will have the right to verify clients' documents and the sources of their funds when conducting large or non-standard transactions for both Kyrgyz citizens and foreign nationals.

The regulator noted that such measures are aimed at combating money laundering and financial violations.

Among the main obligations that will be imposed on exchange offices are:

identification of clients, including foreigners, and verification of their documents;

clarification of the sources of funds when necessary;

special attention to large and unusual transactions;

suspension of suspicious operations and notification of the National Bank of the Kyrgyz Republic;

retention of information about conducted exchanges for a minimum of five years.

These rules will take effect on January 14.