Further Reports

Republic of Kazakhstan: 2013 Article IV Consultation


'AML/CFT Assessment

Kazakhstan’s anti-money laundering and combat ing the financing of terrorism (AML/CFT)
framework was recently assessed against the AML/CFT standard, the Financial Action Task Force
(FATF) 40+9 Recommendations. The evaluation was conducted by the Eurasian Group on money
laundering and financing of terrorism (EAG), the FATF-style regional body of which Kazakhstan is a
member, and the final mutual evaluation report was adopted in June 2011. The report indicates
that the main sources of criminal proceeds in Kazakhstan are crimes related to fraud and abuse of
public office. The evaluators found that Kazakhstan had a relatively comprehensive AML/CFT
framework in place, but that significant deficiencies nevertheless remained, notably with respect
to customer due diligence measures and the reporting of suspicious transaction

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