Государственная служба Финансовой разведки при Правительстве Кыргызской Республики

Provision of information

According to the Article 6 of the Law of the Kyrgyz Republic "On Combating Financing of Terrorism And Laundering Of Proceeds Of Crimes" - "Operation (transaction) with financial means or property shall be subject to compulsory control if the price of transaction equal or more than 1,000,000 soms (equivalent in foreign currency) and the operation (transaction) is referred to one of types of operations (transactions) specified in clause 2 of this Article.
2. The operations (transactions) with financial means property subject to compulsory control comprise:
1) all domestic and cross-border operations (transactions) performed by banks or other financial institutions entitled to open and manage bank accounts (deposits), except for the operations (transactions) as listed by the Competent Authority in coordination with the National Bank of Kyrgyz Republic;
2) operations (transactions) if one of the parties is physical or legal person having respectively registration, place of residence or location in the state (the territory) where there are no provisions on disclosure or provision of data at effecting of financial operations, or one of the parties is the owner of account in the bank registered in the state (on above specified territory).
In this regard, financial institutions (micro-credit companies, microfinance companies, micro-credit agencies, credit unions) that are not eligible to open and maintain bank accounts (deposits) are not required to provide information to the SFIS on transactions (deals) with funds and property subject to mandatory control referred to in paragraph 1 of Part 2 of Article 6 of the Law "On Combating Financing of Terrorism and legalization (laundering) of proceeds of crime".

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