Regulatory Alerts2026-05-29 | 132467Methodological Recommendations on Conducting Risk Assessment for Financing of Criminal Activities and Money Laundering by Entities Supervised by the National Bank of the Kyrgyz Republic
The Supervision Committee of the National Bank of the Kyrgyz Republic issued these Methodological Recommendations to establish a comprehensive, risk-based framework for financial institutions and payment organizations to identify, assess, and mitigate risks associated with financing of criminal activities and money laundering. The document mandates that supervised entities conduct systematic, documented risk assessments aligned with national and sectoral priorities, utilizing both quantitative data and qualitative factors such as client types, products, geography, and transaction volumes. It requires organizations to implement proportionate internal control measures, regularly review their risk profiles, and base their anti-money laundering programs on national and sectoral risk assessments to ensure continuous adaptation to evolving threats.