EVDE applies KYC procedures during onboarding, transaction monitoring, reporting to the Financial Intelligence Service of the Kyrgyz Republic and blocking of transactions with high-risk jurisdictions.
- KYC at onboarding — Identification and verification of all clients (individuals and entities) before account opening, including ultimate beneficial owner checks.
- Transaction monitoring — Continuous analysis of transactions for money-laundering indicators, abnormal activity and operations with high-risk counterparties.
- Sanctions screening — Screening of clients and counterparties against international sanctions lists (OFAC, EU, UN) and national KR registries.
- FIU reporting — Timely filing of suspicious activity reports to the Financial Intelligence Unit of the Kyrgyz Republic.
- Staff training — Regular training of personnel on AML/CFT and continuous update of internal procedures in line with FATF standards.
- Record-keeping — Retention of KYC documents and transaction history for no less than 5 years after termination of the business relationship.
