Affected by sanctions, Guido commercial banks suspend services for Russian "Mir" cards

starnews 2519℃
On October 20,

local time, Kyrgyzstan (abbreviation: Kyrgyzstan) three commercial banks announced the suspension of services for the Russian "Mir" payment system bank card, these three banks (Asian Bank, Kyrgyzstan and Temir) have already Notify customers.

Affected by sanctions, Guido commercial banks suspend services for Russian 'Mir' cards - Lujuba

Previously, several commercial banks, including Bakay Bank, announced that they would suspend services for the Russian "Mir" payment system bank card. The

bank explained that the measure mainly targets cards issued by the 21 Russian banks sanctioned by the United States and the United Kingdom. However, Visa and Elkart card services continue to operate as usual .

It is reported that in the context of the current sanctions against Russia, Turkey (since September 20), Uzbekistan (September 23), Kazakhstan , Armenia and some financial and Vietnamese financial and Credit agencies discontinued "Mir" card service.

In response to Kyrgyzstan's announcement to suspend Russian "Mir" card services, the Kyrgyz National Bank said that according to the "Kyrgyz Republic Payment System Law", National Bank regulates the activities of the country's payment system to ensure an effective and reliable payment system. operational security.

Affected by sanctions, Guido commercial banks suspend services for Russian 'Mir' cards - Lujuba

According to the provisions of Article 40, paragraph 5 of the Constitution of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic", the National Bank does not interfere with other lawful activities of entities regulated by the National Bank, such as banks, non-bank financial and credit organizations, the Constitutional Laws and Legislation of the Kyrgyz Republic Except for other cases specified.

Therefore, Kyrgyz Commercial Bank, as an independent participant in the payment system, can decide which system to cooperate with in accordance with the requirements of the normative legal acts of the Kyrgyz Republic, carry out risk assessment of the cooperative payment system, including compliance with the fight against terrorist activities and the legalization of the proceeds of crime ( money laundering) etc.

Ji Commercial Bank may impose certain measures or restrictions when working with certain payment systems.

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