CB to consider monthly card transactions worth more than 150 million soums suspicious

The Central Bank and the PGO Department have developed criteria for suspicious transactions through electronic wallets and plastic cards. Information about such operations will be transferred to law enforcement agencies.

A number of changes have been made to the internal control rules in commercial banks to combat the legalization of proceeds from crime, the financing of terrorism and the proliferation of weapons of mass destruction.

In particular, the list of criteria and signs of suspicious transactions is expanding:

– money transaction:

• from one account or e-wallet to one or more bank cards, e-wallets for an amount equal to or more than 500 BCAs (now 150 million soums, from May 1 – 165 million soums), in one or several transfers within 30 days;

• from 5 or more e-wallets to one foreign e-wallet at once or several transfers within 30 days;

• through a mobile application from one account (electronic wallet) to 5 or more foreign bank cards or electronic wallets in one or several transfers within 30 days;

• to one e-wallet from one or more cards for an amount equal to or more than 500 BCAs (now 150 million soums, from May 1 – 165 million soums), in one or several transfers within 30 days.

– receipt of funds:

• to 5 or more e-wallets from one foreign e-wallet at once or in several transfers within 30 days;

• to one electronic wallet from 5 or more foreign bank cards or electronic wallets at once or several transfers within 30 days.

Suspicious transaction reports will be forwarded to the Department for Combating Tax, Currency Crimes and Money Laundering under the Prosecutor General’s Office.

In addition, the list of clients belonging to the high-risk category is being supplemented, in relation to which commercial banks should show increased attention.

The list includes foreign structures that have not formed legal entities, as well as persons with 20 or more bank cards linked to their accounts.