In exchange offices of the Kyrgyz Republic, they will check where clients' money comes from.

Operations may be suspended if there are suspicions


According to new rules that will come into effect on January 14, exchange offices in Bishkek will be required to request information from clients about the origin of their funds. These requirements were approved by the National Bank on December 19 of last year.

The new rules will affect all users of exchange offices, including foreign citizens.

When conducting transactions amounting from 100,000 to 1 million soms, exchange offices will need to verify the client's identity and register the transaction.

For certain categories of clients, including public figures, confirmation of the source of funds will be required, as well as checks against sanction lists compiled by Kyrgyzstan and the UN Security Council.

If employees of the exchange office have suspicions, they will be able to halt transactions and request additional documents, and the exchange will only be carried out with the permission of management.

Exchangers are required to report all suspicious transactions to financial intelligence.

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