Kyrgyz banks to send information to Financial Intelligence Unit

The Union of Banks of Kyrgyzstan has met with representatives of Kyrgyzstan’s Financial Intelligence Unit about establishing a digital information exchange system with the intelligence agency. The exchange channels are expected to be completed in the near future and will comply with international standards as well as ensure information is sent in a timely manner.

Many are concerned that the establishment of this information channel is a violation of current legislation and privacy rights. The Financial Intelligence Unit has stated that it will consider these concerns as it moves forward with establishing the system.

Source: knews.kg