In order to enhance the security and stability of the banking system of the Kyrgyz Republic, as well as to improve the monitoring of cash foreign currency operations, the Board of the National Bank, relying on Articles 4, 5, 9, 41, and 64 of the constitutional Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic," makes the following decisions:
1. Commercial banks of the Kyrgyz Republic:
- must strengthen control over cash foreign currency operations, including Russian rubles, with an emphasis on compliance with legislation aimed at combating the financing of criminal activities and the legalization (laundering) of criminal proceeds;
- shall provide the National Bank of the Kyrgyz Republic with information on client transactions involving cash Russian rubles, the amount of which exceeds 5.0 million rubles per operational day, no later than 11:00 AM the next day after the reporting day, according to the established form (attached).
2. The Board of each commercial bank is responsible for the implementation of the requirements of this resolution.
3. This resolution comes into effect from the moment of its official publication and will be valid until March 1, 2027.
4. Legal Department:
- within three working days from the receipt of the necessary documents, publish this resolution on the official website of the National Bank of the Kyrgyz Republic;
- after publication, send it to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State Register of Regulatory Legal Acts.
5. The Methodology Oversight Department must inform the NGO "Union of Banks of Kyrgyzstan" and commercial banks of the Kyrgyz Republic about the resolution within three working days from the date of publication.
6. Control over the implementation of this resolution is entrusted to a member of the Board of the National Bank responsible for the management of methodology oversight.
