RESOLUTION OF COMMITTEE ON SUPERVISION OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of July 31, 2025 No. 39/1

About approval of Recommendations about automation of check according to sanctions lists

(Statement)

Being guided by Item 2.4. The provision "About Committee on Supervision of National Bank of the Kyrgyz Republic" approved by the resolution of Board of National Bank of the Kyrgyz Republic of March 19, 2005 No. 6/2, Committee on supervision of National Bank of the Kyrgyz Republic decides:

1. Approve Recommendations about automation of check about sanctions lists it (is applied).

2. This resolution becomes effective from the date of its acceptance.

Appendix

to the Resolution of Committee on supervision of National Bank of the Kyrgyz Republic of July 31, 2025 No. 39/1

Recommendations about automation of check about sanctions lists

1. General provisions

1. These recommendations about automation of check about sanctions lists (further - Recommendations) are developed for the purpose of increase in efficiency of activities of commercial banks (further - banks) in case of identification of persons and the organizations falling under sanctions measures and observance of requirements of the legislation of the Kyrgyz Republic in the field of counteraction to financing of criminal activities and to legalization (washing) of the criminal income.

2. The purpose of Recommendations is forming of single approaches to:

- automation of processes of reconciliation with sanctions lists;

- to source selection of sanctions data;

- to application of technology solutions (including based on artificial intelligence and algorithms of machine training);

- to management of results of checks.

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