CIS countries are set to strengthen measures to counter the legalization of criminal proceeds and the financing of terrorism through the establishment of a Risk Assessment Center. The Senate, the Upper House of the Kazakh Parliament, has ratified the agreement. The document provides for the implementation of international standards and recommendations to combat money laundering and the financing of terrorism. The Center will operate as an analytical system, enabling the prompt tracking of financial transaction flows and providing training for specialists in financial monitoring.
«For this purpose,
establishing a special International Center is planned to enable the assessment
of potential risks. The Center will also facilitate the exchange of information
between the financial intelligence units of the CIS member states while
ensuring compliance with data protection requirements. Overall, we hope that
the approved law will enhance the effectiveness of efforts to combat the
legalization of proceeds from crime and the financing of terrorism,» said Senate Chairperson Maulen Ashimbayev.
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