An official meeting took place at the Administration of the President of the Kyrgyz Republic with the Ambassador Extraordinary and Plenipotentiary of the United States of America to the Kyrgyz Republic, Mr. Lesslie Viguerie. During the dialogue, particular attention was given to the discussion of compliance with international sanctions regimes established by the United States, the European Union, and the United Kingdom, as well as measures aimed at preventing the circumvention of imposed restrictions. The focus was placed on the operations of financial institutions involved in international settlements and trade transactions, including OJSC "Capital Bank of Central Asia."
OJSC "Capital Bank of Central Asia" is a state-owned commercial bank, with 100% of its shares held by the Ministry of Finance of the Kyrgyz Republic. The Bank strictly adheres to both national legislation and international compliance standards, including requirements related to anti-money laundering (AML), counter-terrorist financing (CTF), and sanctions compliance.
Since 2023, as part of its risk management policy, Capital Bank has ceased all forms of financial interaction with individuals and legal entities subject to sanctions imposed by the United States, the European Union, and the United Kingdom. This decision was made to protect the financial system of the Kyrgyz Republic from the potential impact of secondary sanctions and to ensure the security of operations for both resident and non-resident clients.
In accordance with Decree No. 141-r of the Cabinet of Ministers of the Kyrgyz Republic dated March 17, 2025, the Bank was designated as the settlement institution under a pilot project for transactions in Russian rubles within the territory of the Kyrgyz Republic. This initiative aims to enhance the resilience of the national financial system, strengthen economic security, and develop alternative mechanisms for international settlements.
The Bank undergoes an annual independent audit conducted by the international Grant Thornton network to ensure compliance with International Financial Reporting Standards (IFRS), confirming its transparency and high standards of corporate governance.
Capital Bank of Central Asia remains committed to the principles of full transparency, accountability, and strict adherence to international sanctions requirements, thereby reinforcing the trust of its partners, clients, and regulatory authorities.
Четверг, 15 мая 2025 18:02