EAG Secretariat meeting with representatives of Agency of the Republic of Kazakhstan on Financial Monitoring

On May 18, 2021, the EAG Secretariat had a working meeting with representatives of the Agency on Financial Monitoring of the Republic of Kazakhstan.

Executive secretary Sergey Teterukov represented EAG Secretariat in the meeting, the delegation of the Agency on Financial Monitoring of the Republic of Kazakhstan was headed by Chairman Zhanat Elimanov.

The parties discussed the actual questions of forthcoming mutual evaluation of technical compliance of the legislation of the Republic of Kazakhstan to the international standards of combating money laundering and terrorist financing and effectiveness of the national AML/CFT system.

The Executive secretary of EAG Sergey Teterukov has underlined, that the Secretariat is ready to render necessary methodical support in the organization of carrying out of mutual estimation. 

The EAG Secretariat also informed about the current EAG projects (regional risk assessment, development of financial investigations guidance, etc.), the results of which could be useful for the Republic of Kazakhstan both while preparing for the assessment and in general to improve the effectiveness of AML/CFT system.

The Chairman of the Agency on Financial Monitoring of the Republic of Kazakhstan Zhanat Elimanov noted constructive interaction of EAG Secretariat and Agency on financial monitoring, the parties have expressed readiness for further fruitful cooperation.

The Republic of Kazakhstan is one of the founders of the Eurasian Group on combating money laundering and financing of terrorism. Delegation of Kazakhstan in EAG is represented by Agency on Financial Monitoring of the Republic of Kazakhstan. 

Mutual evaluation of technical compliance of the legislation of the Republic of Kazakhstan to the international standards of combating money laundering and terrorist financing, and effectiveness of the national AML/CFT system will take place in 2022. 

EAG Secretariat