Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

The document ceased to be valid since November 15, 2020 according to Item 1 of the Joint Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market and the Order of the Minister of Finance of the Republic of Kazakhstan of October 29, 2020 No. 104, on October 30, 2020 No. 1055

JOINT ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN AND RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of November 26, 2014 No. 519, on December 24, 2014 No. 237

About approval of Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way and to financing of terrorism for stock exchange

(as amended on 10-12-2015)

According to Item 3-2 of article 11 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" the Minister of Finance of the Republic of Kazakhstan DECIDES: PRIKAZYVAYET and Board of National Bank of the Republic of Kazakhstan

1. Approve the enclosed Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way and to financing of terrorism for stock exchange.

2. To stock exchange:

1) to bring internal documentation into accord with the presents the order and the resolution no later than three calendar months from the date of enforcement of the presents of the order and the resolution;

2) to carry out work on completion of the automated information systems and determination of risk level of the existing clients according to the presents as the order and the resolution no later than one calendar year from the date of enforcement of the presents of the order and the resolution.

3. (Tadzhiyakov B. Sh.) in the procedure established by the legislation to provide to committee on financial monitoring of the Ministry of Finance of the Republic of Kazakhstan:

1) state registration of the presents of the order and resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days after state registration of the presents of the order and the resolution their direction on official publication in periodic printing editions and in information system of law of Ad_let;

3) placement of the presents of the order and resolution on Internet resource of the Ministry of Finance of the Republic of Kazakhstan.

4. These order and the resolution become effective since December 15, 2014.

Minister of Finance of the Republic of Kazakhstan

B. Sultanov

Chairman of National Bank of the Republic of Kazakhstan

K. Kelimbetov

No. 519, No. 237 are approved on December 24, 2014 by the Order of the Minister of Finance of the Republic of Kazakhstan and the Resolution of Board of National Bank of the Republic of Kazakhstan of November 26, 2014

Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way and to financing of terrorism for stock exchange

1. General provisions

1. These Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way and to financing of terrorism (further - Requirements) are developed for stock exchange according to the Law of the Republic of Kazakhstan of August 28, 2009 "About counteraction of legalization (washing) of the income received in the criminal way and to terrorism financing" (further - the Law on POD/FT), and also the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and financial institutions of November 30, 2009 No. 244 "About approval of the Instruction about requirements for availability of risk management system on the stock exchange and modification and amendments in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and financial institutions of November 28, 2008 No. 195 "About requirements to organizational structure of the organizer of the biddings and to structure of the listing commission of stock exchange, and about approval of Rules of implementation of activities of structural division of the organizer of the biddings performing activities for supervision of the made transactions in trade system of the organizer of the biddings", registered in the Register of state registration of regulatory legal acts at No. 5991.

2. If Requirements do not provide other, then the concepts applied in Requirements are used in the values specified in the Law on POD/FT.

For the purposes of Requirements the following basic concepts are used:

1) freezing of transactions with money and (or) other property – measures concerning money and (or) other property belonging to the organization and (or) physical person included in the list of the organizations and faces tied with financing of terrorism and extremism, or the organization which beneficial owner is such physical person, accepted by suspension of account transactions according to the bank account (bank accounts) of the client;

2) unusual transaction (transaction) - transaction (transaction) which is subject to obligatory studying according to item 4 of article 4 of the Law on POD/FT taking into account the signs approved by the Government of the Republic of Kazakhstan and developed by stock exchange independently;

3) risks of OD/FT - risks of deliberate or inadvertent involvement of stock exchange, and also her members in processes of OD/FT or other criminal activities;

4) risk management of OD/FT - set of the measures for identification, assessment, monitoring of risks of OD/FT, and also their minimization taken by stock exchange (concerning products/services, clients, and also made by clients of transactions);

5) threshold transaction - the transaction with money and (or) other property which is subject to financial monitoring according to article 4 of the Law on POD/FT and equal or exceeding the threshold amount established by the Law on POD/FT;

6) business relations - the relations on provision by stock exchange of services in opening of the bank account.

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.