Kazakhstan has
successfully completed the evaluation procedure on combating money laundering
and terrorist financing in compliance with the standards of the Financial
Action Task Force (FATF). The demonstrated effective system will enable
domestic businesses to undergo simplified control of cross-border financial
transactions, Chairman of the Financial Monitoring Agency Zhanat Elimanov
reported to Kazakh President Kassym-Jomart Tokayev. Elimanov also noted that
Kazakhstan has been granted observer status in the Asia Pacific Group on Money
Laundering (APG), which will enhance the effectiveness of interaction with
countries in the region. Additionally, Elimanov highlighted the comprehensive
plan to combat the shadow economy for 2023-2025, recently approved by the
Kazakh government. The plan includes measures to reduce shadow transactions in
trade, manufacturing industry, agriculture, real estate, and transport.
Overall, the agency has recovered damages and assets totaling 94 billion tenge
since the beginning of the year.
Web-editor: Aizhan
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