Financial Crime World

Kazakhstan’s Crackdown on Financial Crimes: An Overview of the Country’s Legislation and National Risk Assessments

In the global war on financial crimes, the Republic of Kazakhstan has been making significant strides in counteracting money laundering and terrorism financing. This article explores Kazakhstan’s legal framework and recent National Risk Assessments (NRA) in the context of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) efforts.

Kazakhstan’s Legislation against Money Laundering and Terrorism Financing

The Kazakh government passed Law No. 191-IV on 28th August 2009, to prevent the legalisation (laundering) of proceeds from criminal activities and thwart terrorism financing. This comprehensive law can be accessed in English here.

Kazakhstan’s National Risk Assessments

If you’re intrigued by the specifics of Kazakhstan’s NRAs, here are the links to the reports in both English and local languages:

  • National Risk Assessment (NRA - 2021) in English: [Available Link]([Insert Link Here])
  • NRA reports in Russian: [Available Link]([Insert Link Here])
  • NRA reports in Kazakh: [Available Link]([Insert Link Here])

Structure of Kazakhstan’s National Risk Assessment of Money Laundering

The report structure of the Republic of Kazakhstan’s National risk assessment of legalization (laundering) of criminal proceeds is detailed and covers essential aspects: risk factors, preventive measures, and potential consequences. Learn more about its structure [here]([Insert Link Here]) in English.

Kazakhstan’s National Risk Assessment of Financing Terrorism and WMD Proliferation

Moreover, it’s worth noting Kazakhstan’s National Risk Assessment of the Financing of Terrorism and Proliferation of Weapons of Mass Destruction. This assessment helps authorities understand the current risks and establish effective preventive measures to mitigate them. Access this document in English [here]([Insert Link Here]).

Stay informed about Kazakhstan’s relentless progress in combating financial crimes in this ever-evolving global environment.