The Cabinet of Ministers of Kyrgyzstan has approved a strategy requiring commercial banks and cryptocurrency platforms to automatically freeze the funds of individuals on sanctions lists. As AKIpress reports, the new system will launch in the first quarter of 2027.
The requirement is cemented in the state anti-money laundering strategy for 2026–2030. The document introduces a mechanism for the immediate blocking of accounts and wallets belonging to people and organizations from the consolidated sanctions lists of the UN Security Council, as well as the internal lists of the Kyrgyz Republic.
API integration
In the first quarter of 2027, commercial banks and virtual asset service providers must implement dedicated API gateways. These will connect the internal databases of financial institutions with a unified state filter. According to Tazabek, the automation aims to eliminate human error in transaction screening.
The state has set strict targets for the new infrastructure. The time to block suspicious assets must drop to 24 hours, and the success rate of automatic filter triggers must reach 99%.
Testing and oversight
To test market readiness, regulators will conduct simulation testing starting in early 2027. At least 50 IT systems of banks and crypto services will undergo checks using training scenarios.
Several agencies will oversee the launch and operation of the infrastructure, including the State Financial Intelligence Service, the National Bank, the State Committee for National Security (GKNB), and the National Agency for Virtual Assets.