Kazakhstan Steps Up Efforts to Combat Financing of Terrorism

Enhancing Financial Monitoring Agency’s Capabilities

In a bid to curb the financing of terrorist activities in the country, Kazakhstan has strengthened its financial monitoring agency’s capabilities. The Financial Monitoring Agency (FMA) of the Republic of Kazakhstan is responsible for combating money laundering and terrorist financing, as well as preventing, detecting, disrupting, solving, and investigating economic and financial crimes.

History and Regulation

The FMA was established under Law No.191-IV dated August 28, 2009 “On Combating Legalization (Laundering) of Criminal Proceeds and Financing of Terrorism” and is regulated by Decree No.515 of the President of the Republic of Kazakhstan dated February 20, 2021 “On Regulation on the Financial Monitoring Agency of the Republic of Kazakhstan”.

Organizational Structure

• Chairman: Zhanat Elimanov
• First Deputy Chairman: Ermek Ospanov
• Deputies:
  • Ulan Raisov
  • Zhenis Elemesov
  • Gabit Sadyrbekov (Head of Staff)

Measures to Combat Financing of Terrorism

• Helpline number +7 (7172) 70-84-78 for reporting suspicious transactions
• Consulting services on anti-money laundering and combating the financing of terrorism (AML/CFT) legislation
• Technical support in case of errors related to the operation of the Financial Transaction Data Collection system

Contact Information

• General email address: info@kfm.kz
• Press service: finmonitoringkz@gmail.com
• Notification of corruption by agency officers: dsb@afmrk.gov.kz
• Official website: https://www.gov.kz

Headquarters

The FMA is headquartered in Nur-Sultan, Kazakhstan at 10 Beibitshilik Street, 010000.

Conclusion

The FMA’s efforts to combat the financing of terrorism are crucial in preventing and disrupting terrorist activities in the country.