Foreign bank account opening has been banned for Kyrgyzstan officials.
According to the law signed by Sadyr Japarov, officials are required to declare their incomes, expenses, and foreign assets.
The new Anti-Corruption Law signed by Kyrgyz President Sadyr Japarov introduces a number of restrictions for state officials. This was reported by the 24.kg publication.
According to it, officials are prohibited from opening accounts in foreign banks, assisting relatives' businesses, participating in transactions with affiliated companies, using official resources for personal gain, and receiving gifts and awards. Official commemorative gifts are exempt.
State bodies are mandated to create secure channels for obtaining information about corruption and to protect individuals who report such violations.
The document systematically regulates anti-corruption policy, strengthening mechanisms from crime prevention to their detection, prosecution, and mitigation of consequences. According to financial control requirements, officials must declare their income, expenses, and property, including foreign assets, while tax authorities analyze their compliance.
Furthermore, mechanisms for analyzing corruption risks, assessing regulatory legal acts, recording crimes in a unified register, and international cooperation on asset recovery have been introduced. With the law's entry into force, the Kyrgyz government is tasked with aligning its regulations with the new law within six months.
