Published
03/07/2025, 11:12Sanctions against Keremet Bank OJSC officially began to operate on 1 March 2025. The information was confirmed by the National Bank of Kyrgyzstan, specifying that the sanctions came into force six days ago.
Recall that the introduction of sanctions became known as early as 30 January. However, as the head of the National Bank of Kyrgyzstan Melis Turgunbaev said at a press conference, after the introduction of the company in the sanctions list is usually given a period of 30 to 45 days to settle all issues, which happened in this case.
‘Keremet Bank OJSC has sent a petition to be removed from the OFAC sanctions list. This petition is currently under review and the timing of its consideration depends on a number of factors,’ the National Bank said.
Since March 2022, the National Bank has been sending regular letters of clarification to commercial banks, emphasising the need for strict compliance with international sanctions and warning of the risks of secondary sanctions. In order to prevent circumvention of sanctions, the regulator also recommends banks to strengthen controls and take measures to exclude transactions with goods and persons on the sanctions lists.
