Regulatory Alerts2026-05-22 | 132444Guidelines for Working with Politically Exposed Persons
The National Bank of the Kyrgyz Republic, through its Supervisory Committee, has approved Methodological Recommendations for financial organizations (FIs) on working with Politically Exposed Persons (PEPs). These guidelines aim to enhance the effectiveness of FIs in combating the financing of criminal activity and money laundering (CFT/AML) by providing minimum requirements for risk management and internal control systems. FIs are required to identify PEPs and their associates, obtain executive approval for business relationships, establish the source of funds and wealth, conduct enhanced monitoring, and utilize a national electronic database of PEPs and other information sources.
Share