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
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
