Toqayev Ratifies Agreement Establishing CIS Center to Assess Money Laundering and Terrorism Financing Risks
Photo: Aqorda
President Qasym-Jomart Toqayev has signed the law “On ratification of the Agreement on the establishment of the International Center for Assessing the Risks of Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism,” Orda.kz reports.
The agreement aims to create a unified mechanism for information exchange among the financial intelligence units of CIS member states, improving the effectiveness of efforts to combat money laundering and the financing of terrorism.
The document establishing the Center was originally signed on October 13, 2023, in Bishkek.
The new organization will assess money-laundering risks, facilitate information exchange between participating countries, and develop common standards for countering financial crimes.
The Center will also provide training and professional development for specialists in financial monitoring and risk analysis, and promote stronger cooperation between financial institutions and law enforcement agencies.
According to Senator Nurlan Bekenov, the Center will rely on data from open sources and will not involve the exchange of confidential information. This approach, he said, will enhance intergovernmental cooperation while maintaining data protection standards.
Original Author: Rustam Muratov
Latest news
- Tokayev Signs Amendments on Responsible Treatment of Animals
- Kazakhstan Promises High Tariffs to Attract Investors for New Gas Power Plants
- Kazakhstan Spent $4 Million to Evacuate Citizens from the Middle East
- Astana Preparing for New Second Airport: Most Likely Location Revealed
- Government Reviews Tax Relief Measures for Businesses Amid Growing Administrative Pressure
- Kazakhstan Plans Direct Flights to Tokyo and New York
- Kazakhstan Airports Test Biometric Check-In That Replaces Passenger Documents
- Akimats May Get Right to Subsidize Domestic Flights in Kazakhstan
- Kazakhstan Promises Personalized Free Medicine System by 2027
- Astana Residents Urged Not to Interfere With LRT Operations After Passenger Surge
- Kazakhstan May Use Toll Road Revenue to Repay Highway Construction Loans
- Kazakhstanis Made 27 Million Cinema Visits Last Year
- How Kazakhstan Buys Medicines Through Its State Operator
- EAEU Eases Freight Restrictions On Key Transport Corridors
- No Textbooks, Not Enough Specialists: What Kazakhstan Promised Visually Impaired Children
- Kazakhstan Has Almost Three Times More Old Cars Than New Ones
- Businesses Warn Unfinished Cargo Document System Could Lead To Unfair Fines
- Kazakhstan To Mine More Coal Despite Green Energy Pledges
- Astana LRT Finally Opens After Years Of Delays
- Kazakhstan Delivers Humanitarian Aid To Iran
