The group’s working meeting, organised by the ministry with state bodies, the National Bank and commercial banks, was held to minimise sanctions risks for the country’s banking system, the ministry said as Open.kg carried it. Its reason is the mounting pressure of international sanctions regimes and the attention paid to companies potentially linked to evading restrictions. The count of companies on the way out of the register is now 16 plus about 35.
The first 16 were reported on Monday: a check of about 40 companies with potential sanctions risks ended with 16 ceasing activity and their files going to court for liquidation, with checks on the rest continuing, by Economist.kg’s account of a meeting Sydykov chaired on 2 October. Two state banks stopped serving the accounts of more than 220 companies at the same time, Eldik Bank about 126 of them and ABank about 100.
The count of companies on the way out of the register is now 16 plus about 35.
The sequence runs beside the clocks of the US act signed on 18 September: the trade representative’s written justification is due on Thursday 8 October and the duties and the bank provisions of section 103 on 18 October. Kyrgyzstan’s cabinet adopted an anti-laundering strategy to 2030 on 1 October, and its own list of about 40 came two days later.
What the ministry’s statement does not give is a name, a sector or the criterion that put a company on the list.