Companies are closing down in Kyrgyzstan due to sanctions In Kyrgyzstan, 52 legal entities have ceased operations as part of efforts to minimize the risks of sanctions, and forced liquidation procedures are being carried out against 57 additional companies. State banks closed more than 240 accounts. This is what the president's special representative for special tasks on sanctions policy and reducing the risks of sanctions, Bekit Sidikov, said. Government agencies audit companies, analyze cross-border payments and identify the ultimate beneficial owners. The National Bank, together with commercial banks, are improving customer verification and payment allocation procedures.

Companies are closing down in Kyrgyzstan due to sanctions In Kyrgyzstan, 52 legal entities have ceased operations as part of efforts to minimize the risks of sanctions, and forced liquidation procedures are being carried out against 57 additional companies. State banks closed more than 240 accounts. This is what the president's special representative for special tasks on sanctions policy and reducing the risks of sanctions, Bekit Sidikov, said. Government agencies audit companies, analyze cross-border payments and identify the ultimate beneficial owners. The National Bank, together with commercial banks, are improving customer verification and payment allocation procedures.