Compliance Training Crucial for Financial Institutions in Kazakhstan

As part of its commitment to managing risk and preventing losses due to non-compliance, DB Bank of China has introduced a compliance control function in line with Kazakhstan’s legislation.

Importance of Compliance

The bank’s employees must adhere to laws, regulations, and internal documents regulating financial market activities. This is crucial for maintaining the integrity of the financial system and ensuring that the bank operates in accordance with the law.

Key Legislative Acts Guiding the Bank

DB “Bank of China in Kazakhstan” JSC is guided by several key legislative acts, including:

• Law on Banks and Banking Activities
• National Bank of Kazakhstan resolutions
• Anti-money laundering legislation
• US Foreign Account Taxation Act (FATCA)
• Multilateral agreements for automatic exchange of tax information

Compliance Control Function

The bank’s compliance control function is responsible for:

• Reporting violations of Kazakhstani law, including:
  • Regulatory legal acts
  • Internal documents
  • Ethical standards
  • Other breaches encountered during operations

Contact Information

For any questions or concerns regarding compliance, the Chief Compliance Controller can be contacted directly at:

Phone: (727) 258-55-10, ext. 1148 Email: [protected]

Remember to stay informed about the latest regulatory requirements and compliance standards to ensure a smooth operation of your financial institution.