Regulatory Alerts2001-12-05 | 6191Instruction on the Receipt, Storage, and Issuance of Precious Metals in Commercial Banks of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic mandates minimum operational and security requirements for commercial banks handling precious metals, establishing standardized procedures for their receipt, storage, and issuance. The regulation enforces strict controls including the "four-eyes" principle, dual custody, surprise audits, and mandatory multi-department authorization for all metal movements and transactions. It further details precise documentation, packaging, tagging, and vault security protocols to minimize risks and ensure accurate accounting and physical safety of all precious metal assets.
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