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Compliance

In accordance with the requirements of the Law of the Kyrgyz Republic "On Anti-Money Laundering and Counter Terrorist Financing" (hereinafter AML/CTF), the Bank takes measures providing for the strengthening of internal control over ongoing operations on a regular basis, as well as ensuring prevention and counteraction to the implementation by organizations of operations associated with "money laundering".

"Bank of Asia" CJSC does not establish and maintain relations with non-resident banks that do not have permanent governing authorities in the territories of states in which they are registered.

Purpose and objectives of compliance:

  • Reduce the risk of violations of law and damage to the Bank's reputation, as well as ensure the safety of customer funds;
  • Organize the Bank's internal control system to prevent the possibility of using the services of the Bank for the financing of terrorism and laundering of proceeds of crime;
  • Develop and implement internal control policies, appropriate procedures and other internal organizational measures for AML/CTF;
  • Carry out regular programs to analyze the compliance of the system in the Bank with relevant laws and regulatory acts.