Regulatory Alerts2020-05-13 | 121851Procedure for Remote Identification and Verification of Clients
The National Bank of the Kyrgyz Republic issued this regulation to establish mandatory procedures for commercial banks to remotely identify and verify Kyrgyz citizens and individual entrepreneurs without physical presence. The document mandates strict internal controls, risk management protocols, and specific technical requirements for photo-matching and video-verification processes to prevent fraud and money laundering. It further requires banks to ensure accessibility for persons with disabilities, maintain secure data storage, and utilize accurate biometric algorithms subject to regular auditing.
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