Kyrgyzstan's National Bank Fines Two Payment Organizations Over 6 Million Som

The National Bank of Kyrgyzstan has fined two payment organizations a total of 6.185 million soms for violating anti-money laundering and counter-terrorism financing laws. One firm was fined 5.38 million soms for inadequate client due diligence during international electronic money transfers, while the second received an 804,130 som penalty for similar violations.

Read the full article at 24.kg →

Headline and summary written by daryo. The full report belongs to 24.kg.