Kyrgyz Republic's State Service for Regulation and Supervision of Financial Markets has intensified monitoring of virtual asset market participants as part of a push to improve transparency and stability in the sector. The enhanced supervision is aimed at preventing breaches of Kyrgyz virtual asset rules, countering terrorist financing and money laundering, and reducing risks linked to the circumvention of international sanctions. The monitoring will focus on compliance with virtual asset legislation, customer identification and due diligence requirements, timely detection and reporting of suspicious transactions, observance of sanctions restrictions and export control measures, and the presence and effectiveness of internal compliance and risk management systems. It also targets greater transparency in virtual asset transactions, and the authority called on market participants to update internal control procedures and take steps to prevent the use of virtual assets for illegal purposes. The authority said it will continue working with Kyrgyz government agencies, international partners and virtual asset market participants, including in support of international standards such as the Financial Action Task Force recommendations.
State Service for Regulation and Supervision of Financial Markets2026-05-26
Kyrgyz Republic's State Service for Regulation and Supervision of Financial Markets strengthens virtual asset market monitoring with focus on AML and sanctions compliance
The Kyrgyz Republic’s State Service for Regulation and Supervision of Financial Markets has intensified monitoring of virtual asset market participants to improve transparency and stability and prevent breaches of virtual asset rules, terrorist financing, money laundering and sanctions evasion. Supervisory focus will include compliance with virtual asset legislation, customer due diligence, suspicious transaction reporting, sanctions measures, and the effectiveness of internal compliance and risk management systems. The authority will continue to cooperate with domestic agencies, international partners and industry participants in line with international standards such as the Financial Action Task Force recommendations.