Radar Telegram alerts Open Radar

Kyrgyzstan's state banks have stopped servicing 284 companies with sanctions risks. Two state banks of Kyrgyzstan -. "ABank" and "Eldik Bank" stopped providing service to 284 companies with increased risks of sanctions. Another 41 companies are under review, the Cabinet of Ministers reported following a meeting of the inter-ministerial working group. "ABank" closed the accounts of 115 companies (and 37 more are being monitored), "Eldik Bank" - 169 companies (and 4 more are being monitored). It was reported that the banks strengthened the checks on customers, their final owner and the purpose of the payments in order to avoid secondary sanctions and maintain the country's accessibility to international payments. It was emphasized that "increased risk of sanctions" in itself does not mean that the company has violated the law or is already included in the sanctions lists. Separately, the meeting participants considered issues of interaction with international partners, including the European Union, the United States and the United Kingdom. According to media reports, during the month the number of companies disconnected from the state banks increased: at the beginning of October there were about 226, by November - 284.

תרגם לעברית

Новый Век · · Source

🇺🇸 USA · Map

Kyrgyzstan's state banks have stopped servicing 284 companies with sanctions risks. Two state banks of Kyrgyzstan -. "ABank" and "Eldik Bank" stopped providing service to 284 companies with increased risks of sanctions. Another 41 companies are under review, the Cabinet of Ministers reported following a meeting of the inter-ministerial working group. "ABank" closed the accounts of 115 companies (and 37 more are being monitored), "Eldik Bank" - 169 companies (and 4 more are being monitored). It was reported that the banks strengthened the checks on customers, their final owner and the purpose of the payments in order to avoid secondary sanctions and maintain the country's accessibility to international payments. It was emphasized that "increased risk of sanctions" in itself does not mean that the company has violated the law or is already included in the sanctions lists. Separately, the meeting participants considered issues of interaction with international partners, including the European Union, the United States and the United Kingdom. According to media reports, during the month the number of companies disconnected from the state banks increased: at the beginning of October there were about 226, by November - 284.

Kyrgyzstan's state banks have stopped servicing 284 companies with sanctions risks. Two state banks of Kyrgyzstan -. "ABank" and "Eldik Bank" stopped providing service to 284 companies with increased risks of sanctions. Another 41 companies are under review, the Cabinet of Ministers reported following a meeting of the inter-ministerial working group. "ABank" closed the accounts of 115 companies (and 37 more are being monitored), "Eldik Bank" - 169 companies (and 4 more are being monitored). It was reported that the banks strengthened the checks on customers, their final owner and the purpose of the payments in order to avoid secondary sanctions and maintain the country's accessibility to international payments. It was emphasized that "increased risk of sanctions" in itself does not mean that the company has violated the law or is already included in the sanctions lists. Separately, the meeting participants considered issues of interaction with international partners, including the European Union, the United States and the United Kingdom. According to media reports, during the month the number of companies disconnected from the state banks increased: at the beginning of October there were about 226, by November - 284.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram