A separate part of the meeting focused on measures implemented by state-owned banks to strengthen compliance control systems and ensure adherence to international restrictive measures. It was noted that state-owned banks continuously monitor international payments and improve internal control procedures.

For these purposes, state-owned banks conduct daily screening of customers and payments against sanctions lists of the European Union, the United Kingdom, the United States of America, and other jurisdictions. They also apply a risk-based approach, including analysis of customers’ ownership structures, the nature of their activities, the geography of counterparties, commodity nomenclature, and other risk factors.

Transactions for which matches with sanctions lists or indicators of elevated sanctions risks have been identified are rejected or subject to additional review in accordance with internal procedures and applicable legal requirements.

The international WorldCompliance system of LexisNexis is used for comprehensive screening of customers and payments. Enhanced monitoring includes the analysis of documents submitted as a basis for payment execution, verification of the sources of funds, assessment of the economic rationale of transactions, as well as requesting additional documents and explanations where necessary.

The meeting highlighted the results of the ongoing work. In particular, as part of strengthening compliance procedures by state-owned banks since May 1, 2026:

Eldik Bank JSC has terminated business relations with approximately 80 companies, while around 40 additional companies are undergoing the process of completing relevant reviews. As part of measures to combat suspicious financial transactions, approximately 13,000 reports on suspicious transactions have been submitted to the authorized body during the current year;

ABANK JSC has terminated business relations with approximately 51 companies, while around 40 additional companies are undergoing the process of completing relevant reviews. As part of measures to combat suspicious financial transactions, approximately 4,000 reports on suspicious transactions have been submitted to the authorized body during the current year.

It was emphasized that state-owned banks will continue the consistent strengthening of compliance controls at all stages of transaction processing. Particular attention will be paid to enhanced verification of documents serving as the basis for payment execution, identification of the ultimate recipients of goods and services, as well as determination of the countries of destination for supplies.

Related news Kyrgyzstan to close 50 companies due to sanction risks In order to strengthen control over sanctions risks, Committees for Sanctions Risk Management have been established in state-owned banks. These committees coordinate compliance-related matters, ensure monitoring of compliance with international sanctions requirements, and oversee the implementation of preventive measures in accordance with the sanctions regimes of the European Union, the United Kingdom, the United States, and other jurisdictions.

The Kyrgyz Republic continues to consistently implement measures aimed at preventing the use of its territory, financial system, and jurisdiction for the circumvention of international restrictive measures. The priority areas of this work remain ensuring transparency of foreign economic activity, protecting national economic interests, maintaining the stability of the financial system, and preserving a high level of trust among international partners.

The Kyrgyz Republic reaffirms its commitment to the principles of the rule of law, responsible business conduct, transparency of financial operations, and responsible international cooperation.