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National Bank proposes storing transfer data for five years

Published

12/02/2025, 13:14

National Bank proposes storing transfer data for five years

The National Bank of Kyrgyzstan has prepared changes to the rules governing payment organisations and banks. According to the draft, all data on money transfers — from the sender's and recipient's full names to the amount and purpose of the transfer — will now be stored for at least five years.

The regulator explains the initiative by the need to strengthen control over financial operations and increase the transparency of transactions. Storing information will allow banks and payment systems to provide data for investigations related to money laundering and criminal activity.

In addition, the new requirements apply to transfers via e-wallets and transit financial institutions. The National Bank emphasises that the changes are aimed at bringing legislation into line with international standards for the security of financial transactions.

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