Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2026-P-12/48-2-(NPA) of 1 October 2026 on Amending the Resolution of the Board of the National Bank of the Kyrgyz Republic of 14 August 2019 No. 2019-P-12/42-1-(NPA)

RESOLUTION OF THE BOARD OF THE NATIONAL BANK OF THE KYRGYZ REPUBLIC

of 1 October 2026 No. 2026-P-12/48-2-(NPA)

On Amending

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 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 Introducing Amendments 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" of 14 August 2019 No. 2019-P-12/42-1-(NPA)

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 introduce amendments 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 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 Introducing Amendments 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" of 14 August 2019 No. 2019-P-12/42-1-(NPA) (attached).

2. To the Legal Department:

• within 3 (three) working days from the day of receipt of the relevant documents, 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 Normative Legal Acts of the Kyrgyz Republic.

3. This resolution enters into force upon the expiry of 30 (thirty) days from the day of official publication.

Published on the official website https://www.nbkr.kg/contout.jsp?item=2145&lang=RUS&material=134268 on 5 October 2026

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 Association of Legal Entities "Union of Banks of Kyrgyzstan", commercial banks, the Association of Legal Entities "Association of Microfinance Organizations", microfinance companies attracting deposits, and OJSC "Financial Company of Credit Unions".

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 structural subdivisions, regional departments and the Representative Office of the National Bank of the Kyrgyz Republic in Batken Oblast.

6. To assign 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

	Appendix to the resolution of the Board of the National Bank of the Kyrgyz Republic of "1" October 2026 No. 2026-P-12/48-2-(NPA)

Amendments

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 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 Introducing Amendments 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" of 14 August 2019 No. 2019-P-12/42-1-(NPA)

1. 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 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 Introducing Amendments 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"" of 14 August 2019 No. 2019-P-12/42-1-(NPA) the following amendments:

The Regulation "On Minimum Requirements for the Organization of Internal Control in Commercial Banks for the Purpose of Countering the Financing of Criminal Activity and the Legalization (Laundering) of Criminal Proceeds", approved by the above-mentioned resolution:

• to supplement with paragraphs 39-5, 39-6, 39-7 of the following content:

"39-5. When carrying out cash withdrawal operations and transit operations on accounts of legal entities and individual entrepreneurs, the bank, applying a risk-based approach, is obliged to take into account the following indicators of increased risk:

1. a substantial share of the turnover on the client's bank account is cashed out, while the volume and frequency of cash withdrawal operations do not correspond to the nature, scale or type of its economic activity, as well as other information about the client available to the bank;

2. cash withdrawal operations are carried out within a short period after their crediting to the client's bank account, including on a systematic basis, in the absence of an obvious economic sense or when such operations do not correspond to the nature, scale or type of the client's economic activity;

3. funds are received from one or several counterparties with subsequent cash withdrawal in the absence of an obvious economic sense or non-correspondence of such operations to the nature and scale of the client's financial and economic activity;

4. cash withdrawal operations are carried out regularly in small amounts or by performing several interrelated operations in the absence of an obvious economic sense;

5. funds are received to the client's bank account from one or several persons with their subsequent transfer within a short period to third parties, including to foreign states, in the absence of an obvious economic sense or non-correspondence of such operations to the nature and scale of the client's financial and economic activity (transit operations);

6. a short period has passed since the date of state registration of the legal entity or individual entrepreneur or the opening of the bank account, while significant volumes of operations are carried out on the bank account that do not correspond to the duration, nature and scale of the client's financial and economic activity;

7. the volume and frequency of funds received from foreign states for cash withdrawal do not correspond to the declared activity and scale of the client's financial and economic activity or to the nature of its relations with the foreign sender;

8. significant volumes of cash are deposited to the client's bank account with their subsequent transfer within a short period to third parties, including to foreign states, in the absence of an obvious economic sense or non-correspondence of such operations to the nature and scale of the client's financial and economic activity (transit operations);

9. corporate bank cards are systematically used predominantly for obtaining cash that does not correspond to the nature, scale and purposes of the client's financial and economic activity.

The quantitative values of the increased risk indicators, including the share of cash withdrawal operations in the total volume of the client's operations, the period between receipt and subsequent cash withdrawal or conduct of a transit operation, as well as other quantitative indicators, are determined by the bank in internal normative documents taking into account the type (nature) and scale of the clients' activity, their risk profile, as well as the results of the bank's ML/TF risk assessment, the results of the national and sectoral risk assessments.

39-6. When identifying factors having indicators of increased risk provided for by paragraph 39-5 of this Regulation, the bank is obliged to conduct additional measures to verify the operation, including:

1. analysis of the nature of the client's relations with the sender/recipient of funds, the purpose of payment and its correspondence to the volume of the client's financial and economic activity;

2. establishment of the source of origin of the received funds and obtaining and analyzing documents and information confirming the economic basis of the operation;

3. establishment of the purpose of carrying out the cash withdrawal operation and its correspondence to the nature and scale of the client's financial and economic activity;

4. analysis of the previous movement of funds, including the period between their receipt to the bank account and the client's request for the issuance of cash.

In the event of the client's refusal to provide the required documents within the established timeframes, the bank must refuse to conduct the operation on the account.

In the event that, based on the results of the additional verification, the bank has suspicions that the operations (transactions) are connected with the financing of criminal activity and the legalization (laundering) of criminal proceeds, the bank must apply the following measures:

• suspend the suspicious operation (transaction) in the manner and for the period established by the legislation of the Kyrgyz Republic in the field of CFT/AML, and/or

• suspend or terminate business relations with the client.

39-7. The bank must ensure recording of cash withdrawal operations and transit operations on accounts of legal entities and individual entrepreneurs in respect of which the increased risk indicators provided for by paragraph 39-5 have been identified, and of the results of applying measures to mitigate the identified risks.

The record must contain at least information on the number and volume of cash withdrawal operations and transit operations:

• in respect of which increased risk indicators have been identified;

• which were not carried out on the grounds provided for by the legislation in the field of CFT/AML;

• which were recognized as suspicious and for which reports were sent to the authorized financial intelligence body.

The information provided for by this paragraph is used by the bank to assess the effectiveness of the measures applied to manage and mitigate ML/TF risks associated with cash withdrawal operations and transit operations, and is provided to the National Bank upon its request.".