Kazakhstan’s Financial Monitoring Agency has signed the Memorandum on cooperation with the world’s largest cryptocurrency exchange Binance. This is done as part of the fight against money laundering and financing of terrorism using digital assets. Chairperson of the Financial Monitoring Agency Zhanat Elimanov reported on this to the Head of State. Elimanov presented a 10-month report on the Agency's activities. During this time, 25 financial pyramids were liquidated in the country. The compensation to the victims amounted to over eight billion tenge. The Agency has suppressed the activities of a number of organized criminal groups, as well as the groups that carried out illegal cash-out transactions. Overall, according to Elimanov, the measures taken by the Agency enabled it to compensate for damages and successfully recover the assets worth more than 300 billion tenge.
