The Ministry of Finance in Kyrgyzstan has announced that a payment organization has been held accountable for breaching the country's legislation on combating the financing of terrorist activities and money laundering.
The penalties were imposed for failing to comply with the requirements for applying targeted financial sanctions, suspending operations, and for violations related to reporting procedures for controlled transactions, as stipulated by Kyrgyz law in the field of combating the financing of terrorist activities and money laundering. The organization has been fined a total of 128,000 soms, with the specific name of the organization not disclosed by the Ministry of Finance.
