Kyrgyzstan orders financial intelligence to automate bank reports on owner data gaps

The Kyrgyz Cabinet of Ministers has ordered the State Financial Intelligence Service to automate its receipt of data from financial institutions on discrepancies in beneficial ownership information. Cabinet Chairman Adylbek Kasymaliev gave the instruction in Cabinet Resolution No. 653 of 29 September.

The resolution also approves the State Strategy against the financing of criminal activity and the legalisation (laundering) of criminal proceeds in the Kyrgyz Republic for 2026–2030. Banks must report discrepancies they find during client checks within three working days of the check, and the mechanism must be automated by the second quarter of 2027.

The expected outcome is a shift from a request-based to a proactive data collection model and a beneficial ownership database that is 100 percent up to date in real time. The digital register of beneficial owners of all legal entities, checked against state registration data via Tunduk, must be fully implemented by the first quarter of 2027, with the aim of disclosing accurate information for at least 80% of legal entities.