AFSA held a webinar for DNFBPs to inform on Amendments to the AML/CFT Law of Kazakhstan and the AML Guidance

On 1 July 2020 Astana Financial Services Authority (AFSA) held a webinar for Designated Non-Financial Business and Professions (DNFBPs) on different aspects of the amendments to Kazakhstan’s anti-money laundering (AML) and counter-terrorist financing (CTF) law signed by the President of Kazakhstan on 13 May 2020.

Over 16 participants from 13 DNBFPs attended the session. The webinar was devoted to the amendments to AML/CFT Law of Kazakhstan and details of the AML Guidance adopted by the AFSA on 21 May 2020. AFSA identified around 50 new norms which will extend to AIFC Participants subject to AML supervision pursuant to AIFC AML Rules. Topical issues such as key and related amendments relating to the relevant AIFC Participants were discussed, as well as programmes of AML Guidance which include internal control, ML/FT risk management and AML training requirements.

The webinar also focused on requirements of AML Guidance, which should be implemented by DNFBPs in its AML policies, controls, and procedures.

In case of further inquiries please feel free to contact AFSA Communications team at [email protected].