21 July, 2023
The 38th Plenary meeting approved the report and executive summary of the mutual evaluation of the Republic of Kazakhstan within the framework of the second round of mutual evaluations of the EAG.
The Republic of Kazakhstan has achieved a substantial level of effectiveness in identifying, understanding and mitigating risks, as well as coordination and cooperation. There is also a substantial level of FIU activity and use of financial intelligence to detect, investigate and prevent, as well as prosecute ML/TF and predicate offenses. The country has built an effective CFT system based on preventive measures and timely application of the TFS mechanism. Some progress has been made in applying proportionate and targeted measures to monitor the activities of NPOs vulnerable to TF. Improvements are required in terms of ensuring transparency of legal entities and arrangements, as well as in confiscation measures.
The Mutual Evaluation Report of the Republic of Kazakhstan has passed the quality and compliance procedure in the FATF global network and published on the EAG website.