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
- Kazakhstan Cancels Exam Results For More Than 700 University Applicants
- Astana LRT Operator Looks For Funding In China
- Smoke From Russian Wildfires Reaches Eastern Kazakhstan
- Kazakhstan Offers EU A Broader Partnership In Eurasia
- Oil Leak Reported In Caspian Sea Near Azerbaijan Coast
- Kazakhstan To Build 250 Roadside Service Stations For 180 Billion Tenge
- Police Chase With Kazakh Driver In Phuket Ends In Crash And Injuries
- Foreigners Moving To Kazakhstan Are Choosing Big Cities Over Most Regions
- Turkestan Region Leads Kazakhstan In Twin Births
- From Grain To AI: What Kazakhstan Brought To Afghanistan
- Helicopters Drop 39 Tons Of Water On Forest Fire In East Kazakhstan
- Kazakhstan Tightens Border Checks Despite Saying There Is No Fuel Shortage
- Kazakhstan Seeks Greek Investment In Energy And Transport
- Global Rating Agency Confirms Kazakhstan’s Investment-Grade Status
- Kazakh Company Sent $16 Million To China, Got No Goods And A Huge Fine
- Kazakh Parties Are Losing Focus With Overly Broad Programs, Expert Says
- Almaty Man Registered 990 People In One-Room Apartment And Received Sentence
- Montenegro President Makes First Official Visit To Kazakhstan
- Gas Prices In Kazakhstan To Rise From July 1
- Kazakhstan’s Oldest Gold Mining Company Resold For 8.7 Billion Tenge
