Politics and economy
Kazakhstan is a parliamentary-type presidential republic. The supreme legislative body is the parliament.
Kazakhstan is a fast-growing agro-industrial state. It is ranked eighth in the world in reserves of iron ore and is one of the world’s leading producers of refined copper. Its main industries are mining, non-ferrous and ferrous metallurgy, chemical, coal, food, light industries and engineering. Its main agricultural product is grain. In this regard, Kazakhstan is ranked third among the CIS countries after Russia and Ukraine.
The banking system is represented by the National Bank of Kazakhstan and 38 commercial banks, which are second-level lending institutions. The Development Bank of Kazakhstan has a special status. The country’s national currency is the tenge.
National AML/CFT regime
The Law On Combating the Legalization (Laundering) of Criminal Proceeds and Terrorism Financing entered into force on March 9, 2010.
The country’s financial intelligence unit is the Financial Monitoring Committee of the Ministry of Finance of the Republic of Kazakhstan, established by Government Decree № 387 of 24 April 2008. The committee collects and processes data on transactions involving money and/or other assets subject to financial monitoring. It analyzes the information it receives in the sphere of combating the legalization (laundering) of criminal proceeds and terrorist financing. It coordinates the activities of state bodies in this field and sends the information within its competence to law enforcement agencies so that they can decide if sufficient grounds exist to warrant action. It is an administrative-type financial intelligence unit.
The Chairman of the Committee is Mr. Anuar S. Jumadildayev.
Cooperation with the EAG
Since the establishment of the Eurasian group, the Republic of Kazakhstan has been actively involved in its work. Kazakhstan became a member of the EAG on 6 October 2004 at the founding conference in Moscow.
The 12th plenary meeting of the EAG and the Consultative Forum with the private sector were held in June 2010 in Almaty.
The EAG conducted a mutual evaluation of the Republic of Kazakhstan in 2010-2011.
The 24th EAG Plenary meeting was held in Kazakhstan in June 2016.