THE ORDER OF THE CHAIRMAN OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON FINANCIAL MONITORING

of February 23, 2022 No. 14

About approval of Rules of evaluating risks of legalization (washing) of the income and financings of terrorism

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

1. Approve the enclosed Rules of evaluating risks of legalization (washing) of the income and financing of terrorism.

2. To provide to department of financial monitoring of the Agency of the Republic of Kazakhstan on financial monitoring in the procedure established by the legislation:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this order on Internet resource of the Agency of the Republic of Kazakhstan on financial monitoring.

3. This order becomes effective after ten calendar days after day of its first official publication.

Approved by the Order of the Chairman of the Agency of the Republic of Kazakhstan on financial monitoring of February 23, 2022 No. 14

Rules of evaluating risks of legalization (washing) of the income and financing of terrorism

Chapter 1. General provisions

1. These rules of evaluating risks of legalization (washing) of the income and financing of terrorism (further – Rules) are developed according to Item 2 of article 11-1 of the Law of the Republic of Kazakhstan "About counteraction of legalization (washing) of the income received in the criminal way and to terrorism financing" (further – the Law), determine procedure for evaluating risks of legalization (washing) for the income and financing of terrorism.

2. In these rules the following concepts are used:

1) the working group – the group consisting of number of participants of risks assessment of legalization (washing) of the income and financing of terrorism, except for subjects of financial monitoring;

2) risks assessment of legalization (washing) of the income and financing of terrorism – determination of levels of risks by method of the analysis of collected data for risks assessment of legalization (washing) of the income and financing of terrorism;

3) risks of legalization (washing) of the income and financing of terrorism – causing damage to financial system and national economy, by making of financial transactions (transactions) for the purpose of legalization (washing) of the income and financing of terrorism, in connection with realization of threats and (or) availability of vulnerabilities;

4) structuring risks of legalization (washing) the income and financing of terrorism – grouping and summing of collected data for risks assessment of legalization (washing) of the income and financing of terrorism for their subsequent analysis;

5) ranging of risks of legalization (washing) of the income and financing of terrorism – the procedure of establishment of the relative importance (preference) of collected data for risks assessment of legalization (washing) of the income and financing of terrorism;

6) subjects of financial monitoring are the subjects of financial monitoring specified in Item 1 of article 3 of the Law;

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