Nurbank Fined Twice in One Month for Anti-Money Laundering Violations
Photo: Elements.envato.com
Nurbank JSC has been hit with two fines in the past month, totaling over 36.5 million tenge, for failing to report its actions on money laundering, reports Orda.kz.
The penalties were issued by the Agency for Regulation and Development of the Financial Market (ARDFM).
According to agency records, the first fine was imposed on January 22, when Nurbank failed to report transactions required under Kazakhstan’s law on combating money laundering. The bank was fined 14.398 million tenge for this violation.
Just two weeks later, on February 5, the agency issued a second fine for a similar offense, this time amounting to 22.152 million tenge. It remains unclear whether this was a repeat violation or a separate infraction.
Orda.kz has sent an official inquiry to ARRFR to clarify the details of Nurbank’s violations and whether further sanctions are expected.
Nurbank is controlled by the family of prominent businessman Rashit Sarsenov through JP Finance Group LLP.
His son, Yeldar Sarsenov, officially took over as CEO in November 2024.
Original Author: Nikita Drobny
Latest news
- Ecology Ministry Explains 13 Million Tenge Fine For Picking Dandelions
- Kazakhstan Refineries Increase Oil Processing Depth To 90%
- High Rates No Longer Keep Kazakh Banks’ Profits Rising, Analysts Say
- Almaty Health Officials Prepare for Possible Hantavirus Cases
- Ministry Says Saiga Deaths Remain Within Natural Limits
- Kazakhstan Faces Shortage of Doctors and IT Specialists
- Kazakhstan Petition Calls for VAT Removal on Feminine Hygiene Products
- Kazakhstan to Publish Register of Convicted Economic Crime Offenders
- Kazakhstan’s Economy Grew 3.6% in Four Months
- Shymkent Colleges Used Fictitious Students to Steal Over 1.3 Billion Tenge
- Almaty Court Extends Chechen Activist’s Extradition Arrest
- Record Rainfall Hits Almaty
- Falling Caspian Sea Level Reshapes Northern Coastline
- Kazakhstan Says It Is Ready To Help Resolve Iran’s Nuclear Issue
- Pashinyan Explains Why He Will Skip The EAEU Summit In Astana
- Kazakhstan To Gradually Cut University Programs In Oversupplied Fields
- Kazakhstan Offers Indonesia A Route To Central Asia And Europe
- Kazakhstan Tightens Rules for Master Plans and Urban Development
- Kazakhstan Approves Rules for Digital Tenge Circulation
- Military Jets to Conduct Training Flights Over Astana
