During the analysis of the results of the compliance with the directives issued to LLC "Data Group," as well as the review of the explanations provided by the company, the agency found that the violations of the legislation had not been rectified.
During the inspection, the following violations were identified:
- The specialized platform of LLC "Data Group" is not operational, which contradicts part 1 of Article 27 of the Law of the Kyrgyz Republic "On Virtual Assets";
- The company did not submit reports for the months and quarters, violating paragraphs 36 and 37 of the Regulations on the Activities of Virtual Asset Exchange Operators and the order of the Financial Supervisory Authority No. 88-p dated February 19, 2024;
- The internal control system does not meet the requirements of the Regulation approved by the government decree dated December 25, 2018, No. 606;
- The requirement of paragraph 3.1 of the directive from the Financial Supervisory Authority was not fulfilled, which required the submission of data on electronic wallets from the moment the license was obtained (December 26, 2024), complicating the verification of the actual volume and nature of operations, as well as their compliance with legislation in the area of AML/CFT.
Additional information:
According to the Ministry of Justice, LLC "Data Group" does not have foreign capital and was re-registered on October 3, 2024. The main type of activity of the company is wholesale non-specialized trade. The founder and director is Zhanybaev Suinbay Turgunalievich.
