Collaboration with LexisNexis Risk Solutions

In order to improve the compliance processes in the bank and to bring them in line with international standards from November 1, 2022 "Keremet Bank" OJSC signed a cooperation agreement with the biggest compliance provider in the world, the LexisNexis Risk Solutions company.

LexisNexis Risk Solutions has over 40 years’ experience in the anti-money-laundering and financing of terrorism area. Seven of the top 10 banks in the world use LNRS screening solutions. Most of the world's transactions go through the company's filters. LNRS offers unique solutions for compliance with international AML/FT requirements, which are successfully used all over the world. Cooperation with LexisNexis Risk Solutions allows "Keremet Bank" OJSC to solve the following problems:

• compliance with the legislation of the Kyrgyz Republic (verification according to the UN lists and the list of the authorized body);
• bringing the Bank's compliance processes in line with international standards and the requirements of the world's top correspondent banks;
• identification payments of sanctioned persons and payments related to sanctioned territories or banks, as well as to identify persons under the 50%+ rule (subsidiaries of persons on sanctions lists that are not on the official lists of the United States, the European Union, the United Kingdom and other countries).