Regulatory Alerts2026-05-29 | 132437Methodological 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 mandate supervised banks, non-bank financial organizations, electronic money payment system operators, and payment organizations to implement a comprehensive, risk-based assessment of financing criminal activities and money laundering. The document requires these entities to systematically identify, evaluate, and mitigate inherent risks across clients, products, services, geography, and operations by aligning internal controls with national and sectoral risk assessments. It establishes a continuous cyclical framework for risk identification, assessment, management, and monitoring, ensuring that control measures remain commensurate with organizational complexity and evolving regulatory expectations.