RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of May 15, 2007 No. 26/1

About the Provision "About the Minimum Requirements to the Organization of Internal Control in the Commercial Banks and Other Financial Credit Institutes Licensed by NBKR for the purpose of Counteraction to Financing of Terrorism and to Legalization (Washing) of Income Gained in the Criminal Way"

Having considered the project of the Provision "About the Minimum Requirements to the Organization of Internal Control in the Commercial Banks and Other Financial Credit Institutes Licensed by NBKR for the purpose of Counteraction to Financing of Terrorism and to Legalization (Washing) of Income Gained in the Criminal Way", being guided by the Laws of the KR "About National Bank of the Kyrgyz Republic", "About banks and banking activity in the Kyrgyz Republic" and "About counteraction to financing of terrorism and to legalization (washing) of income gained in the criminal way" and also in view of the Order MU of the KR No. 66 of April 19, 2007, the Board of National Bank of the Kyrgyz Republic decides:

1. Approve the Provision "About the Minimum Requirements to the Organization of Internal Control in the Commercial Banks and Other Financial Credit Institutes Licensed by NBKR for the purpose of Counteraction to Financing of Terrorism and to Legalization (Washing) of Income Gained in the Criminal Way" it (is applied).

2. To management of methodology of supervision and licensing together with Legal department in accordance with the established procedure to carry out state registration of this resolution in the Ministry of Justice of the Kyrgyz Republic.

3. This resolution becomes effective from the moment of official publication after state registration in the Ministry of Justice of the Kyrgyz Republic.

4. From coming into force of this resolution to declare invalid:

- the resolution of Board of National Bank of the Kyrgyz Republic No. 5/9 of March 2, 2006 "About the Provision "About the Minimum Requirements to Internal Control System in the Commercial Banks and Other Financial Credit Institutes Licensed by NBKR for the purpose of Counteraction of Legalization (Washing) of Income Gained in the Criminal Way and to Terrorism Financing", registration number of the Ministry of Justice of the Kyrgyz Republic 27-06 of March 31, 2006;

- the resolution of Board of National Bank of the Kyrgyz Republic No. 13/12 of March 14, 2007 "About the Provision "About the Minimum Requirements to the Organization of Internal Control in the Commercial Banks and Other Financial Credit Institutes Licensed by NBKR for the purpose of Counteraction to Financing of Terrorism and to Legalization (Washing) of Income Gained in the Criminal Way".

5. After publication of the registered regulatory legal act to Legal department to inform the Ministry of Justice of the Kyrgyz Republic on publication source (the name of the edition, its number and date).

6. To impose control of execution of this resolution on the vice-chairman of NBKR Bokontayev K. K.

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