Resolution of the Board

of the National Bank

of the Kyrgyz Republic

of 1 October 2026

No. 2026-П-12/48-1-(НПА)

On Amending Certain Regulatory Legal Acts

of the National Bank of the Kyrgyz Republic

in order to bring them into compliance with the legislation of the Kyrgyz Republic

In accordance with Articles 5, 9 and 64 of the Constitutional Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic", the Board of the National Bank of the Kyrgyz Republic resolves:

• 1. To amend the following resolutions of the Board of the National Bank of the Kyrgyz Republic (attached):
  • 1. "On Approval of the Regulation 'On Pre-Trial Settlement of Disputes between the National Bank of the Kyrgyz Republic and Commercial Banks, Organizations Carrying Out Certain Types of Banking Operations, and Their Founders (Participants), Legal Entities and Individuals'" of 17 May 2017 No. 19/13;
  • 2. "On Approval of the Rules for Forming the System of Internal Control and Internal Audit in Banks and Non-Bank Financial and Credit Organizations Licensed and Regulated by the National Bank of the Kyrgyz Republic" of 15 June 2017 No. 2017-П-12/25-3-(НПА);
  • 3. "On Approval of the Instruction on Consideration of Cases of Offenses" of 19 December 2018 No. 2018-П-12/55-6-(НПА);
  • 4. "On Approval of the Regulation 'On Minimum Requirements for the Organization of Internal Control in Commercial Banks for the Purpose of Countering the Financing of Terrorist Activities and the Legalization (Laundering) of Criminal Proceeds', the Regulation 'On the Procedure for Conducting Exchange Operations with Cash Foreign Currency in the Kyrgyz Republic' and on Amending and Supplementing Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic on Issues of Countering the Financing of Terrorist Activities and the Legalization (Laundering) of Criminal Proceeds" of 14 August 2019 No. 2019-П-12/42-1-(НПА);
  • 5. "On Approval of the Regulation 'On Minimum Requirements for the Organization of Internal Control in Microfinance Organizations, Credit Unions and Specialized Financial Institutions of the Kyrgyz Republic for the Purpose of Countering the Financing of Terrorist Activities and the Legalization (Laundering) of Criminal Proceeds'" of 21 August 2019 No. 2019-П-33/43-6-(НФКУ);
  • 6. "On Approval of the Regulation 'On Minimum Requirements for the Organization of Internal Control in Payment Organizations and Operators of Payment Systems for the Purpose of Countering the Financing of Criminal Activities and the Legalization (Laundering) of Criminal Proceeds'" of 19 August 2020 No. 2020-П-14/46-4-(ПС);
  • 7. "On Approval of the Regulation 'On Measures of Influence Applied to Non-Bank Financial and Credit Organizations and Other Legal Entities Supervised by the National Bank of the Kyrgyz Republic'" of 23 December 2020 No. 2020-П-33/73-12-(НФКУ);
  • 8. "On Approval of the Regulation 'On Requirements for the Formation, Publication and Submission to the National Bank of the Kyrgyz Republic of Financial Statements of Non-Bank Financial and Credit Organizations'" of 28 September 2021 No. 2021-П-33/53-9-(НФКУ);
  • 9. "On Approval of the Instruction 'On Conducting Inspections of the Activities of Non-Bank Financial and Credit Organizations and Other Legal Entities Supervised by the National Bank of the Kyrgyz Republic'" of 17 August 2022

  • No. 2022-П-33/52-2-(НФКУ);

  • 10. "On Approval of the Regulation 'On Minimum Requirements for the Organization of Internal Control in Exchange Bureaus for the Purpose of Countering the Financing of Criminal Activities and the Legalization (Laundering) of Criminal Proceeds' and on Amending Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic on Issues of Countering the Financing of Criminal Activities and the Legalization (Laundering) of Criminal Proceeds" of 19 December 2025 No. 2025-П-12/68-2-(НПА);
  • 11. "On Amending Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic on Issues of Licensing and Regulation of the Activities of Specialized Financial Organizations" of 6 July 2026 No. 2026-П-17/35-6-(НПА).
• 2. To the Legal Department:

  • from the day of receipt of the relevant documents, within 3 (three) working days, to publish this resolution on the official website of the National Bank of the Kyrgyz Republic;

  • after official publication, to send this resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State Register of Regulatory Legal Acts of the Kyrgyz Republic.

• 3. This resolution enters into force upon the expiration of 15 (fifteen) days from the day of official publication, with the exception of paragraph 2, the eighth paragraph of subparagraph 2 of paragraph 5, the fourth paragraph of subparagraph 1 of paragraph 6 and the fourth paragraph of subparagraph 1 of paragraph 10 of the annex to this resolution, which enter into force on 1 April 2027, as well as the fifth, sixth and eighth paragraphs of subparagraph 4 of paragraph 4, the third, tenth and eleventh paragraphs of subparagraph 2 of paragraph 5, subparagraph 2 of paragraph 6 and subparagraphs 2, 5 of paragraph 10 of the annex to this resolution, which enter into force on 1 January 2027.
• 4. To the Supervision Methodology Department, within 3 (three) working days from the day of official publication of this resolution, to bring it to the attention of the Union of Legal Entities "Union of Banks of Kyrgyzstan", the Union of Legal Entities "Association of Microfinance Organizations", the Union of Legal Entities "National Association of Credit Unions and Cooperatives", the Union of Legal Entities "Association of Exchange Bureaus 'Alliance'", the Union of Legal Entities "Association of Operators of Payment Systems KG (KAY-JI)", the open joint-stock company "Financial Company of Credit Unions", commercial banks, microfinance organizations, credit unions, exchange bureaus, credit bureaus, guarantee funds, operators of payment systems and payment organizations.
• 5. To the Secretariat of the Board Division, within 3 (three) working days from the day of adoption of this resolution, to bring it to the attention of the structural subdivisions, regional departments and the Representative Office of the National Bank of the Kyrgyz Republic in the Batken region.
• 6. To entrust control over the execution of this resolution to the member of the Board of the National Bank of the Kyrgyz Republic supervising the supervision methodology department.

Chairman A. Baketaev

Annex
to the resolution of the Board of the National Bank of the Kyrgyz Republic of 1 October 2026 No. 2026-П-12/48-1-(НПА)

Amendments

to certain normative legal acts of the National Bank of the Kyrgyz Republic

in order to bring them into compliance with the legislation of the Kyrgyz Republic

• 1. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation 'On pre-trial settlement of disputes between the National Bank of the Kyrgyz Republic and commercial banks, organizations carrying out certain types of banking operations, and their founders (participants), legal entities and individuals'" of 17 May 2017 No. 19/13 the following amendments:

in the Regulation "On pre-trial settlement of disputes between the National Bank of the Kyrgyz Republic and commercial banks, organizations carrying out certain types of banking operations, and their founders (participants), legal entities and individuals", approved by the above-mentioned resolution:

• 1. in the preamble, after the words "credit bureau," to supplement with the words "guarantee fund, specialized financial organization,";
• 2. in the fifth paragraph of point 2, after the words "credit bureau," to supplement with the words "guarantee fund, specialized financial organization,".
• 2. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Rules for the formation of the internal control and internal audit system in banks and non-bank financial and credit organizations licensed and regulated by the National Bank of the Kyrgyz Republic" of 15 June 2017 No. 2017-П-12/25-3-(НПА) the following amendment:

in the Rules for the formation of the internal control and internal audit system in banks and non-bank financial and credit organizations licensed and regulated by the National Bank of the Kyrgyz Republic, approved by the above-mentioned resolution:

• to supplement point 39 with the twelfth paragraph of the following content:

"Employees of the internal audit service responsible for auditing the bank on AML/CFT issues must have a certificate in the field of AML/CFT issued by the training center of the financial intelligence body of the Kyrgyz Republic.".

• 3. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Instruction on consideration of cases of offenses" of 19 December 2018 No. 2018-П-12/55-6-(НПА) the following amendments:

in the Instruction on consideration of cases of offenses, approved by the above-mentioned resolution:

• 1. to set out the title in the following wording:

"Instruction on consideration of cases of offenses";

• 2. to set out the third paragraph of point 3-2 in the following wording:

"- issues a determination (Annex 2) and a notification on setting the time and place of consideration of the case according to the sample approved by the resolution of the Cabinet of Ministers "On approval of the Regulation on the Unified Register of Offenses" of 11 December 2025 No. 803 (hereinafter – the resolution of the Cabinet of Ministers);";

• 3. to set out the first paragraph of point 7 in the following wording:

"7. In case of detection of the fact of an offense, the Authorized subdivision draws up a protocol on the offense on paper or in the form of a digital document signed by the EDS of the employee of the authorized subdivision according to the sample approved by the resolution of the Cabinet of Ministers.";

• 4. to set out the second sentence of point 8 in the following wording:

"A corresponding entry is made in the protocol on the offense about the above-mentioned delivery, and the period for drawing up the protocol in these cases cannot exceed 3 (three) hours.";

• 5. to set out the second sentence of point 12 in the following wording:

"In this case, at the place of commission of the offense, a resolution is issued according to the sample approved by the resolution of the Cabinet of Ministers.";

• 6. to set out point 14 in the following wording:

"14. The Commission, when preparing for consideration of a case of an offense, has the right to adopt a decision on:

• summoning persons according to the sample approved by the resolution of the Cabinet of Ministers.;

• postponement of consideration of the case, requesting necessary additional materials on the case, appointment of an expert examination according to the sample approved by the resolution of the Cabinet of Ministers.;

• transfer within 3 (three) working days of the protocol on the offense and other case materials for consideration according to jurisdiction, including transfer of case materials to the prosecutor or the investigative body, if consideration of this case does not fall within the competence of the National Bank according to the sample approved by the resolution of the Cabinet of Ministers;

• recusal of a member of the commission in cases provided for by the Code on Offenses (Annex 6);

• termination of proceedings in the case in the presence of circumstances provided for by the Code on Offenses according to the sample approved by the resolution of the Cabinet of Ministers.

All decisions of the commission are entered into the AIS ERPn.";

• 7. to set out the second sentence of point 17 in the following wording:

"On suspension of proceedings in the case, the commission issues a resolution according to the sample approved by the resolution of the Cabinet of Ministers.";

• 8. to set out point 17-1 in the following wording:

"17-1. Proceedings in a case of an offense are resumed after the grounds for suspension have ceased to exist. On resumption of proceedings in the case, the commission issues a resolution according to the sample approved by the resolution of the Cabinet of Ministers.";

• 9. to set out point 19 in the following wording:

«19. The Commission may extend the period for consideration of a case by issuing a ruling in accordance with the template approved by the resolution of the Cabinet of Ministers, by no more than 10 (ten) days, in the event of receipt of petitions from participants in the proceedings on the offense / a report from the authorized person (official of the authorized unit) to extend the period for consideration in accordance with the template approved by the resolution of the Cabinet of Ministers, or if additional clarification of the circumstances of the case is necessary.»;

• 10. in the first paragraph of point 22, the words «by all members of the commission» shall be replaced by the words «by the chairman of the commission»;
• 11. point 24 shall be stated in the following wording:

«24. The Commission, based on the results of consideration of a case on an offense, issues a ruling on the case in accordance with the templates approved by the resolution of the Cabinet of Ministers:

• on the imposition of a penalty;

• on the termination of proceedings on the case;

• on the accrual of a penalty;

• on the termination of execution of the ruling in the event of the death of the person held liable for the offense.

The ruling on the case on an offense is signed by all members of the commission who participated in the consideration of the case on the offense and the secretary of the sessions on cases on offenses.

The ruling is announced immediately upon the completion of the consideration of the case and enters into legal force:

• upon the expiration of the period for appeal, if it was not appealed in the established procedure;

• from the day the decision is issued by a higher body (official) or court to leave the ruling unchanged, if it was appealed.

The accrual of the penalty is made from the day following the day of expiration of the period for voluntary payment of the penalty, calculated from the moment the ruling enters into force.»;

• 12. point 25 shall be stated in the following wording:

«25. A copy of the ruling on the case on an offense must be handed against receipt to the person in respect of whom it was issued, or sent to the postal address indicated by him (with a corresponding note made in the case) within 3 (three) days.

A copy of this ruling must also, within 3 (three) days, be handed against receipt to the injured person or sent to him by mail or other means of communication to the address indicated by him.

At the same time, the Authorized unit is responsible for compliance with the procedure for such notification.»;

• 13. point 30 shall be stated in the following wording:

«30. In the event of non-payment of a fine for an offense within the period established by law on a voluntary basis, the accrual of a penalty begins in the amount of 1 percent of the amount of the unpaid fine for each day of delay. The accrual of the penalty is terminated upon reaching its maximum amount established by Article 35 of the Code of the Kyrgyz Republic on Offenses.

In the event that the ruling on the imposition of a fine was issued by the commission, the issue of accrual of the penalty is considered by the commission.

In the event that the ruling on the imposition of a fine was issued by the authorized employee independently, taking into account the offender's agreement with the committed offense, the ruling on the accrual of the penalty is issued by the authorized employee independently.»;

• 14. point 31 shall be stated in the following wording:

«31. The ruling on the accrual of the penalty, indicating its amount, as well as the amount of the fine and the total amount subject to recovery, is sent to the authorized state body for organizing the activities of judicial executors for the implementation of recovery in accordance with the legislation on enforcement proceedings.

The ruling on the accrual of the penalty is sent by a corresponding letter of the established form in accordance with the template approved by the resolution of the Cabinet of Ministers.

Information on the sending of rulings to the judicial executor is entered into the AIS ERPN.»;

• 15. Appendices 1, 1-1, 3, 3-1, 5 and 7-14 to the Regulation shall be recognized as having lost force.
• 4. To introduce the following changes to the resolution of the Board of the National Bank of the Kyrgyz Republic «On approval of the Regulation «On minimum requirements for the organization of internal control in commercial banks for the purposes of countering the financing of terrorist activities and the legalization (laundering) of criminal proceeds», the Regulation «On the procedure for conducting exchange operations with cash foreign currency in the Kyrgyz Republic» and on introducing changes and additions to certain normative legal acts of the National Bank of the Kyrgyz Republic on issues of countering the financing of terrorist activities and the legalization (laundering) of criminal proceeds» dated 14 August 2019 No. 2019-P-12/42-1-(NPA):
  • 1. the name of the resolution shall be stated in the following wording:

«On approval of the Regulation "On minimum requirements for the organization of internal control in commercial banks for the purposes of countering the financing of criminal activities and the legalization (laundering) of criminal proceeds", the Regulation "On the procedure for conducting exchange operations with cash foreign currency in the Kyrgyz Republic" and on introducing changes and additions to certain normative legal acts of the National Bank of the Kyrgyz Republic on issues of countering the financing of criminal activities and the legalization (laundering) of criminal proceeds»;

• 2. point 1 of the resolution shall be stated in the following wording:

«1. To approve the Regulation "On minimum requirements for the organization of internal control in commercial banks for the purposes of countering the financing of criminal activities and the legalization (laundering) of criminal proceeds" (Appendix 1).»;

• 3. in the Regulation «On the procedure for conducting exchange operations with cash foreign currency in the Kyrgyz Republic», approved by the above-mentioned resolution:
  • subpoint 24 of point 8 shall be stated in the following wording:

«24) check the client and the client's authorized representative for the presence or absence in the Sanctions lists when the client performs a one-time exchange operation with cash foreign currency (regardless of the amount) and put a mark on the check of the client and the client's authorized representative in the operations registration log;»;

• paragraphs second, third and fourth of point 27 shall be stated in the following wording:

1) identification and verification of the client and the client's authorized representative for their presence or absence in the Sanctions Lists is carried out on the basis of an identity document (with photograph), in paper form or in digital format, provided through state digital technological systems;

2) if the amount of the purchase of foreign currency is equal to or exceeds 1,000,000 soms, client identification is carried out by filling out a client questionnaire - an individual in accordance with the requirements of legislation, and identification and verification of the beneficial owner for their presence or absence in the Sanctions Lists is also carried out (in the absence of a permanent business relationship).

Note: the amounts of transactions for which it is necessary to identify the client by filling out a questionnaire are established by the Regulation "On the Procedure for Conducting Proper Customer Due Diligence", approved by the resolution of the Cabinet of Ministers of the Kyrgyz Republic dated 14 November 2025 No. 739.";

• paragraph 30 shall be stated in the following wording:

"30. The sale of cash foreign currency is carried out as follows:

• 1. identification and verification of the client and the client's authorized representative for their presence or absence in the Sanctions Lists is carried out on the basis of an identity document (with photograph), in paper form or in digital format, provided through state digital technological systems;
• 2. if the amount of the sale of foreign currency is equal to or exceeds 1,000,000 soms, client identification is carried out by filling out a client questionnaire – an individual in accordance with the requirements of legislation, and identification and verification of the beneficial owner for their presence or absence in the Sanctions Lists is also carried out (in the absence of a permanent business relationship).

Note: the amounts of transactions for which it is necessary to identify the client by filling out a questionnaire are established by the Regulation "On the Procedure for Conducting Proper Customer Due Diligence", approved by the resolution of the Cabinet of Ministers of the Kyrgyz Republic dated 14 November 2025 No. 739.

In the presence of the client, the cashier recounts the amount of cash and checks the authenticity of the currency presented by the client. At the same time, the processing of banknotes must be carried out in such a way that the banknotes are within the client's field of view. Information about the client (on the basis of an identity document) and transactions for the sale of cash foreign currency are recorded in the log of registration of information on transactions with clients.

Information on the identification of client data must be recorded in the transaction registration log (Appendix 3).";

• Appendix 3 shall be stated in the following wording:

"Appendix 3

LOG

of registration of transactions

"__" _______________ 20_

Balance at the beginning of the day

Type of currency

Amount

Incoming transactions (purchase)

Outgoing transactions (sale)

Name of currency

Amount of currency

Exchange rate

Amount to be issued in soms

Full name

Result of checking the client against the sanctions lists (Presence of matches" (yes/no))

Name of currency

Amount of currency

Exchange rate

Amount to be issued in soms

Full name

Result of checking the client against the sanctions lists (Presence of matches" (yes/no))

Resident

Non-resident

Resident

Non-resident

1

2

3

4

5

6

7

8

9

10

11

12

13

14

Total currency purchased:

Incl. purchased from non-residents

Other income

Total currency sold:

Incl. sold to non-residents

Other expense

Balance at the beginning of the day

Type of currency

Amount

Signature of the responsible employee
Signature of the responsible official

Notes:

• 1. In the line "Total currency bought/sold", the total amount of currency bought and sold is indicated for each type of currency separately.
• 2. In the line "Total currency bought/sold", in columns 3 and 8 "Exchange rate", the weighted average rate for all bought or sold currency is indicated. The weighted average rate is calculated as the ratio of the total amount to be issued (columns 4 and 9) to the total amount of bought/sold foreign currency for each type of currency separately.
• 3. When conducting operations with residents, their full name is recorded in columns 5 and 12, and when conducting operations with non-residents – in columns 6 and 13. The total volume of operations conducted with non-residents during the operating day is reflected in the daily report of the exchange bureau.
• 4. Exchange bureaus do not have the right to conduct operations not related to conducting exchange operations with cash foreign currency through the cash desk of the exchange bureau.
• 5. In incoming operations (purchase) and in outgoing operations (sale), in columns 7 and 14 "Presence of matches (yes/no)", the results of checking the client and/or the client's authorized representative for the presence or absence in the Sanctions Lists when performing a one-time exchange operation with cash foreign currency are indicated.".
• 4. in the Regulation "On Minimum Requirements for Organizing Internal Control in Commercial Banks for the Purpose of Countering the Financing of Criminal Activity and Legalization (Laundering) of Criminal Proceeds", approved by the above-mentioned resolution:
  • paragraph 1 shall be amended to read as follows:

"1. This Regulation has been developed for the purpose of determining minimum requirements for organizing internal control in commercial banks, including those operating in accordance with Islamic principles of banking and financing, banks with an Islamic window, microfinance companies attracting deposits, OJSC "Financial Company of Credit Unions", housing savings credit companies (hereinafter - banks), for the purpose of countering the financing of criminal activity and legalization (laundering) of criminal proceeds (hereinafter - CFCA/LCP), as well as conducting operations that have signs of suspicious operations.";

• paragraph 27-3 shall be supplemented with paragraphs of the following content:

"The bank shall submit to the financial intelligence body the available and documented information on beneficial owners of legal entities (beneficial owner questionnaires), including in electronic format, through secure communication channels, no later than three working days from the day of conducting proper customer due diligence or identifying changes in previously submitted data on beneficial owners.

When submitting information to the financial intelligence body, the bank is obliged to fill out beneficial owner questionnaires in electronic form in accordance with the requirements of regulatory legal acts of the Cabinet of Ministers of the Kyrgyz Republic in the field of countering the financing of criminal activity and legalization (laundering) of criminal proceeds.";

• paragraph 38 shall be supplemented with a paragraph of the following content:

"The bank, when updating information on beneficial owners, is obliged to carry out their re-verification using available state information systems and databases. In case of identifying discrepancies between the information provided by the client and the data contained in the above-mentioned systems, measures are taken to send the relevant information to the financial intelligence body in the established procedure.".

• 5. To introduce the following changes to the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation "On Minimum Requirements for Organizing Internal Control in Microfinance Organizations, Credit Unions and Specialized Financial Institutions of the Kyrgyz Republic for the Purpose of Countering the Financing of Terrorist Activity and Legalization (Laundering) of Criminal Proceeds" dated 21 August 2019 No. 2019-P-33/43-6-(NFKU):
  • 1. in the name and in paragraph 1 of the resolution, the word "terrorist" shall be replaced by the word "criminal";
  • 2. in the Regulation "On Minimum Requirements for Organizing Internal Control in Microfinance Organizations, Credit Unions and Specialized Financial Institutions of the Kyrgyz Republic for the Purpose of Countering the Financing of Criminal Activity and Legalization (Laundering) of Criminal Proceeds", approved by the above-mentioned resolution:
    • paragraph 12 shall be supplemented with a paragraph of the following content:

"When updating information on beneficial owners, their re-verification is carried out using available state information systems and databases. In case of identifying discrepancies between the information provided by the client and the data contained in the above-mentioned systems, measures are taken to send the relevant information to the financial intelligence body in the established procedure.";

• in paragraph 14:

the second paragraph shall be amended to read as follows:

"In the absence of an internal auditor/audit commission/person responsible for assessing the internal control system, the audit is conducted by an external auditor and (or) an audit organization registered in accordance with the legislation of the Kyrgyz Republic on audit activity.";

shall be supplemented with a third paragraph of the following content:

"The persons specified in the first and second paragraphs of this paragraph, responsible for conducting audits on CFCA/LCP issues, must have a certificate in the field of CFCA/LCP issued by the training center of the financial intelligence body of the Kyrgyz Republic.";

• paragraph 16-2 shall be supplemented with paragraphs of the following content:

"The available and documented information on beneficial owners of legal entities (beneficial owner questionnaires) shall be submitted to the financial intelligence body, including in electronic format through secure communication channels, no later than three working days from the day of conducting proper customer due diligence or identifying changes in previously submitted data on beneficial owners.

When submitting information to the financial intelligence body, it is necessary to fill out beneficial owner questionnaires in electronic form in accordance with the requirements of the regulatory legal acts of the Cabinet of Ministers of the Kyrgyz Republic in the sphere of combating the financing of criminal activity and the legalization (laundering) of criminal proceeds.».

• 6. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation "On minimum requirements for the organization of internal control in payment organizations and operators of payment systems for the purposes of combating the financing of criminal activity and the legalization (laundering) of criminal proceeds" dated 19 August 2020 No. 2020-П-14/46-4-(ПС) the following changes:

in the Regulation "On minimum requirements for the organization of internal control in payment organizations and operators of payment systems for the purposes of combating the financing of criminal activity and the legalization (laundering) of criminal proceeds", approved by the above-mentioned resolution:

• 1. paragraph 24 shall be set out in the following wording:

"24. Assessment of the effectiveness of the internal control system for the purposes of AML/CFT is carried out by the internal auditor not less than once a year, depending on the level of risk of operations and the dynamics of the performance indicators of the payment organization/operator of payment systems.

In the absence of an internal auditor, the audit is conducted by an external auditor and (or) an audit organization registered in accordance with the legislation of the Kyrgyz Republic on audit activity.

The persons specified in the first and second paragraphs of this paragraph, responsible for conducting the audit on AML/CFT issues, must have a certificate in the sphere of AML/CFT issued by the training center of the financial intelligence body of the Kyrgyz Republic.";

• 2. paragraph 30-3 shall be supplemented with paragraphs of the following content:

"Available and documented information about the beneficial owners of legal entities (beneficial owner questionnaires) shall be submitted to the financial intelligence body, including in electronic format, via secure communication channels, not later than three working days from the day of conducting proper customer due diligence or identifying changes in previously submitted data on beneficial owners.

When submitting information to the financial intelligence body, it is necessary to fill out beneficial owner questionnaires in electronic form in accordance with the requirements of the regulatory legal acts of the Cabinet of Ministers of the Kyrgyz Republic in the sphere of combating the financing of criminal activity and the legalization (laundering) of criminal proceeds.

When updating information about beneficial owners, their re-verification is carried out using available state information systems and databases. In the event of identifying discrepancies between the information provided by the client and the data contained in the above-mentioned systems, measures are taken to send the relevant information to the financial intelligence body in the established procedure.".

• 7. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation "On measures of influence applied to non-bank financial and credit organizations and other legal entities supervised by the National Bank of the Kyrgyz Republic" dated 23 December 2020 No. 2020-П-33/73-12-(НФКУ) the following changes:

in the Regulation "On measures of influence applied to non-bank financial and credit organizations and other legal entities supervised by the National Bank of the Kyrgyz Republic", approved by the above-mentioned resolution:

• 1. in paragraph 2:

  • in the text in the official language, the words "учреждения (далее – СФУ)" shall be replaced by the words "организации (далее – СФО)";

  • in the text in the state language, the word "мекемелерине" shall be replaced by the word "уюмдарына";

• 2. in the text in the official language in the title of paragraph 1 of chapter 8 in paragraphs 69-76, the abbreviation "СФУ" shall be replaced by the abbreviation "СФО";
• 3. in the text in the state language in the title of paragraph 1 of chapter 8 in paragraphs 69-76, the word "мекемеси" in various cases shall be replaced by the word "уюму" in the corresponding cases.
• 8. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation "On requirements for the formation, publication and submission to the National Bank of the Kyrgyz Republic of financial statements of non-bank financial and credit organizations" dated 28 September 2021 No. 2021-П-33/53-9-(НФКУ) the following changes:

in the Regulation "On requirements for the formation, publication and submission to the National Bank of the Kyrgyz Republic of financial statements of non-bank financial and credit organizations", approved by the above-mentioned resolution:

• 1. paragraph 2 after the words "specialized financial and credit organizations (hereinafter – СФКО)" shall be supplemented with the words ", specialized financial organizations (hereinafter – СФО)";
• 2. in paragraphs 37 and 45, the words "МКК, МКА и КС" shall be replaced by the words "МКК, МКА, КС и СФО".
• 9. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Instruction "On conducting inspections of the activities of non-bank financial and credit organizations and other legal entities supervised by the National Bank of the Kyrgyz Republic" dated 17 August 2022 No. 2022-П-33/52-2-(НФКУ) the following changes:

in the Instruction "On conducting inspections of the activities of non-bank financial and credit organizations and other legal entities supervised by the National Bank of the Kyrgyz Republic", approved by the above-mentioned resolution:

• 1. in paragraph 1, the word "учреждений" shall be replaced by the word "организаций";
• 2. subparagraph "д" of paragraph 4 shall be set out in the following wording:

«d) Specialized financial organization (hereinafter – SFO) – a legal entity created in the organizational-legal form of a joint-stock company (closed or open) or a limited liability company, authorized to carry out certain banking operations on the basis of the corresponding license of the National Bank, in accordance with the legislation of the Kyrgyz Republic, the Regulation on Licensing the Activities of Specialized Financial Organizations, approved by resolution of the Board of the National Bank No. 2026-П-17/35-6-(НПА) dated 6 July 2026, and the constituent documents of the SFO.»;

• 3. in the text in the official language, in paragraph 28, in appendices 1 and 4, replace the abbreviation «СФУ» with the abbreviation «СФО»;
• 4. in the text in the state language, in Appendix 1, replace the word «мекемеси» with the word «уюму».
• 10. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic «On approval of the Regulation “On minimum requirements for the organization of internal control in exchange bureaus for the purposes of countering the financing of criminal activity and the legalization (laundering) of criminal proceeds” and on introducing amendments to certain normative legal acts of the National Bank of the Kyrgyz Republic on issues of countering the financing of criminal activity and the legalization (laundering) of criminal proceeds» dated 19 December 2025 No. 2025-П-12/68-2-(НПА) the following amendments:

in the Regulation «On minimum requirements for the organization of internal control in exchange bureaus for the purposes of countering the financing of criminal activity and the legalization (laundering) of criminal proceeds», approved by the above-mentioned resolution:

• 1. restate paragraph 8 as follows:

«8. Assessment of the adequacy of the program and procedures to the requirements of legislation on AML/CFT, as well as assessment of the effectiveness and reliability of internal control for the purposes of compliance with legislation on AML/CFT, shall be carried out by the person responsible for assessing the internal control system in the exchange bureau.

The general assessment of the adequacy of the program and procedures, as well as the assessment of the effectiveness and reliability of the internal control rules for the purposes of compliance with AML/CFT legislation, shall be carried out on an ongoing basis, but not less than once every three years.

The person responsible for assessing the internal control system in the exchange bureau must have the corresponding certificate in the field of AML/CFT issued by the training center of the financial intelligence body of the Kyrgyz Republic.»;

• 2. supplement paragraph 13 with paragraphs of the following content:

«Exchange bureaus shall submit to the financial intelligence body the available and documented information on beneficial owners of legal entities (beneficial owner questionnaires), including in electronic format, through secure communication channels, no later than three working days from the day of conducting proper customer due diligence or identifying changes in previously submitted data on beneficial owners.

When submitting information to the financial intelligence body, exchange bureaus are obliged to fill out the beneficial owner questionnaire in electronic form in accordance with the requirements of the normative legal acts of the Cabinet of Ministers of the Kyrgyz Republic in the field of countering the financing of criminal activity and the legalization (laundering) of criminal proceeds.»;

• 3. in paragraph 17:

• restate the first paragraph as follows:

«17. When carrying out a one-time operation (transaction), the identity of the client, the client's authorized representative shall be established on the basis of an identity document.»;

• restate the fourth paragraph as follows:

«a) passport of a citizen of the Kyrgyz Republic (ID card or identity document in digital format provided through state digital technological systems);»;

• restate the eighth paragraph as follows:

d) driver's license of the national format containing a personal identification number (PIN) (on paper or a license in digital format provided through state digital technological systems);

• restate the sixteenth paragraph as follows:

«In addition to establishing the identity of the client or the client's authorized representative, exchange bureau employees must check him or her for presence or absence in the Sanctions lists.»;

• 4. restate paragraph 18 as follows:

«18. When carrying out a one-time operation (transaction) or several interrelated one-time operations (transactions) for the purchase-sale (exchange) of cash national and/or foreign currency in an amount equal to or exceeding 1000000 soms (or an equivalent amount in foreign currency calculated at the official exchange rate of the National Bank on the day of the operation (transaction)), exchange bureau employees are obliged to conduct proper customer due diligence, including identifying and checking the beneficial owner for presence or absence in the Sanctions lists (in the absence of ongoing business relations).»;

• 5. supplement paragraph 21 with a paragraph of the following content:

«Exchange bureaus, when updating information on beneficial owners, are obliged to carry out their re-verification using available state information systems and databases. In the event of identifying discrepancies between the information provided by the client and the data contained in the above-mentioned systems, measures shall be taken to send the relevant information to the financial intelligence body in the established procedure.».

• 11. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic «On introducing amendments to certain normative legal acts of the National Bank of the Kyrgyz Republic on issues of licensing and regulation of the activities of specialized financial organizations» dated 6 July 2026 No. 2026-П-17/35-6-(НПА) the following amendment:

in the Rules for regulating the activities of specialized financial organizations, approved by the above-mentioned resolution:

• restate the first sentence of paragraph 20 as follows:

«SFOs must have automated systems for accounting and reporting.».