According to 24.kg, the National Bank of Kyrgyzstan has fined two payment organizations a total of 6.2 million soms for anti-money laundering and counter-terrorist financing violations.
The fines were imposed by the National Bank’s supervisory committee. The first organization was fined 5.4 million soms for failing to follow customer due diligence procedures during international electronic money transfers.
The second organization was fined 804,000 soms for violations during customer verification when establishing business relationships and carrying out international electronic money transfers. The National Bank did not disclose the names of the fined organizations.