Regulatory Alerts2006-03-02 | 127042Resolution of the Board of the National Bank of the Kyrgyz Republic No. 13/2 on Establishing Requirements for Defining Subjects and the List of Offshore Zones
The Board of the National Bank of the Kyrgyz Republic issued Resolution No. 13/2 to establish requirements for identifying subjects of offshore zones and to approve a specific list of jurisdictions offering preferential tax regimes or lacking full information disclosure. This regulation mandates that banks and financial institutions operating in Kyrgyzstan ensure their activities comply with these anti-money laundering and counter-terrorist financing standards. The resolution explicitly lists 43 jurisdictions, including Anguilla, Bermuda, and the Cayman Islands, as offshore zones subject to enhanced scrutiny.
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