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ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of March 29, 2017 No. 196

About approval of Methodology on data collection from state bodies and subjects of financial monitoring for risks assessment of legalization (washing) of the income and financing of terrorism

According to Item 2 of article 11-1 of the Law of the Republic of Kazakhstan of August 28, 2009 "About counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing" PRIKAZYVAYU:

1. Approve the enclosed Methodology on data collection from state bodies and subjects of financial monitoring for risks assessment of legalization (washing) of the income and financing of terrorism.

2. This order becomes effective after ten calendar days after day of its signing.

Minister of Finance of the Republic of Kazakhstan

B. Sultanov

Approved by the Order of the Minister of Finance of the Republic of Kazakhstan of March 29, 2017 No. 196

Methodology on data collection from state bodies and subjects of financial monitoring for risks assessment of legalization (washing) of the income and financing of terrorism

Chapter 1. General provisions

1. This Methodology from state bodies and subjects of financial monitoring for risks assessment of legalization (washing) of the income and financing of terrorism (further - Methodology) determines the organization of activities of authorized body for financial monitoring for data collection for risks assessment of legalization (washing) of the income and financing of terrorism by data collection (further - data collection).

2. The purpose of data collection is identification and risk analysis of legalization (washing) of the income and financing of terrorism, and also assignment of relative value by it.

3. The concepts used in this Methodology are applied in the values determined by the Law of the Republic of Kazakhstan of August 28, 2009 "About counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing" (further - the Law).

4. Data collection is carried out in case of essential changes of recommendations of Group of development of financial measures of anti-money laundering (FATF), the legislation of the Republic of Kazakhstan in the sphere of counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing, in case of new subjects of financial monitoring, and also new products, the services represented by subjects of financial monitoring and on other bases.

Chapter 2. The organization of data collection for risks assessment of legalization (washing) of the income and financing of terrorism

5. Data are collected for assessment of vulnerabilities and threats of legalization (washing) of the income and financing of terrorism.

6. Sources of data collection are information resources of state bodies and subjects of financial monitoring according to the subitem 3) of Item 2 of article 18 of the Law.

7. In case of data collection the materials of competent authorities of foreign states and other materials received by authorized body on financial monitoring according to Item 3 of article 19 of the Law are used.

8. Data collection is performed from the materials received by authorized body on financial monitoring according to Item 2 of article 18 of the Law.

9. Lack of data is not the reason for their exception of the general analysis. Data with zero indicators are subject to the analysis and inclusion in the closing statement created by authorized body on financial monitoring after the termination of risks assessment of legalization (washing) of the income and financing of terrorism.

10. In case of lack of the income this for risks assessment of legalization (washing) and financing of terrorism absence reasons of such data are specified.

11. In case of data collection for risks assessment of legalization (washing) of the income and financing of terrorism any other available data, including information from reports on mutual assessment of the Republic of Kazakhstan and reports on progress of the Republic of Kazakhstan are used.

12. Dumping of data comes to the end by manual and automatic data loading and data in the single Microsoft Office Excel files in breakdown in the directions and the accounting periods.

 

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