In Kazakhstan, they strengthen measures against financing terrorism.
In particular, the Senate of Kazakhstan (Upper House of the Parliament of the Republic) approved the amendments to the Agreement on the Eurasian Group to counteract the legalization of criminal income and the financing of terrorism (EAG).
The document expands the powers of the EAG, supplementing them with measures to prevent financing for the spread of weapons of mass destruction. Key definitions are also clarified, the organization’s work and the procedure for forming its budget are regulated.
“adopted changes will enhance control over financial flows, increase the efficiency of international cooperation and ensure that Kazakhstan compliance with the Fatf Fork Force Standards – a group of financial control measures for money laundering),” the document says.
It is noted that in general, Kazakhstan carries out systematic work in this direction, achieving tangible results.
The Eurasian group to counteract the legalization of criminal income and the financing of terrorism (EAG) is a regional group of FATF (FATF). EAG includes nine states: Belarus, India, Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan, Turkmenistan and Uzbekistan.