Regulatory Alerts2024-05-29 | https://aifc.kz/legal-framework/annual-aml-return-form/Added · Updated
AFSA Annual AML Return Form
The Astana Financial Services Authority requires Relevant Persons, referred to as Firms, to complete and submit an Annual Anti-Money Laundering Return within two months after the end of each year. The form mandates detailed disclosures regarding compliance responsibilities, risk-based approaches, business risk assessments, customer due diligence, ongoing monitoring, reliance on third parties, audit findings, sanctions screening, MLRO qualifications, training records, and suspicious activity reporting. Firms must provide specific data on customer demographics, risk ratings, and transaction volumes, while ensuring all answers are typed and non-applicable questions are marked as N/A. The declaration confirms that the information provided is complete and correct, acknowledging potential breaches of Article 119(e) of the AIFC Framework Regulations for deceptive or misleading submissions.
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