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Saturday, 3 October 2026

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National Bank imposes fine on payment organization

The National Bank of Kyrgyzstan has imposed a fine of over 1 million som on a payment service provider.

Archive photo: National Bank imposes fine on payment organization
Archive photoPhoto: Mahlum · Wikimedia Commons · Public domain

According to the National Bank of Kyrgyzstan, a fine of 1,081,609 som has been imposed on a payment service provider. This action is the result of violations of legal provisions governing customer verification for international transfers.

The decision was made by the oversight committee of the National Bank, which is responsible for ensuring compliance with these regulations. Details regarding specific incidents that led to the fine were not disclosed.