Regulatory Alerts2023-07-26 | 130294Rules for Carrying Out Money Transfers via Money Transfer Systems in the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued these Rules to establish comprehensive requirements for banks and money transfer system operators regarding domestic and cross-border cashless money transfers. The document mandates strict registration procedures for both resident and non-resident operators, defines precise conversion rates, identifier card usage limits, and finality conditions for transactions. It further outlines supervisory oversight, anti-money laundering compliance obligations, and the regulatory framework governing bilateral agreements between participants and operators.
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