Regulatory Alerts2026-05-29 | 132355Added · Updated
Methodological Recommendations on Conducting Risk Assessments for Financing Criminal Activities and Money Laundering for Entities Supervised by the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued these Methodological Recommendations to mandate that supervised banks, non-bank financial organizations, and payment institutions conduct comprehensive risk assessments for money laundering and terrorist financing. The document requires entities to adopt a risk-based approach, utilizing national and sectoral risk assessments to identify, evaluate, and mitigate inherent risks associated with clients, products, and geographic jurisdictions. It establishes a continuous cycle of risk identification, evaluation, management, and monitoring to ensure internal controls are proportionate to the organization's specific risk profile and regulatory obligations.
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