Today, members of the Mazhilis, the Lower House of the
Kazakh Parliament, ratified amendments to the Agreement on the Eurasian Group on
Combating Money Laundering and Financing of Terrorism (EAG). The document
clarifies the group’s goals and objectives, as well as modifies the procedure for
forming and executing its budget. Additionally, it introduces new terms and
concepts. From now on, the EAG members will also work to counter the financing
of the proliferation of weapons of mass destruction. The organization comprises
Kazakhstan, Belarus, China, the Kyrgyz Republic, Russia, Tajikistan,
Turkmenistan, Uzbekistan, and India.
«The Protocol supplements the text of the agreement with the
words «financing of the proliferation of weapons of mass destruction.» In
addition, it clarifies the sources of the EAG budget formation and introduces
other technical amendments. Seven out of nine EAG member states have ratified
the Protocol. Kazakhstan and China are currently conducting domestic
ratification procedures,» noted Zhenis Yelemessov, Deputy Chairman of the
Financial Monitoring Agency.
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