President of the Union of Banks of Kyrgyzstan Anvar Abdraev told 24.kg news agency about agreement reached between the commercial banks and the State Financial Intelligence Service.
According to him, the Prime Minister signed a new decree prohibiting the State Financial Intelligence Service to request general information on the owners of bank accounts and safe deposit boxes. «If there are suspicions regarding an individual, the State Financial Intelligence Service may request information about him or her. The bank will provide information on such a basis only,» said Anvar Abdrayev.
He added that they would not form a common database.
Last week, the Financial Intelligence Service requested data from commercial banks on all their clients. Experts, lawyers, the Union of Banks, the Ministry of Economy and the National Bank considered this requirement as illegal. As a result, representatives of the service admitted that not a single bank provided them with complete information about all clients, and they would work on creation of a register of all clients of commercial banks with the National Bank.
