Regulatory Alerts2018-08-14 | https://aifc.kz/legal-framework/joint-order-between-aifc-and-mof-on-aml-on-counteracting-legalisation-laundering-of-proceeds-obtained-through-criminal-means-and-financing-of-terrorism/Joint Order between AIFC and MoF on AML and Counter-Terrorist Financing
The Astana International Financial Centre and the Ministry of Finance of Kazakhstan issued a joint order to align the supervision of AML and CFT compliance for specific AIFC participants with national legislation. The directive mandates that these entities submit transaction data to the Financial Intelligence Unit and requires the Astana Financial Services Authority to provide requested information from its systems to support monitoring efforts. Additionally, the order establishes a framework for jointly approved internal control guidelines and clarifications, with oversight vested in the heads of both regulatory bodies.
Share