Astana. January 23. KazTAG - In Kazakhstan, on the recommendation of the Development Group of Financial Measurement Money Development (FATF), a draft legislative amendments are preparing, which will allow financial monitoring against the presidents of other countries, the agency correspondent reports.
"The amendments in the draft law are aimed at establishing measures for adequate audit regarding national public officials (PLD) (recommendation 12 FATF). To date, the Republic of Kazakhstan has not been implemented by recommendation 12 FATF, according to which UN member countries need to be established at the legislative level control on operations carried out by PPL regardless of the country affiliation. The political functions are attributed to PDLs, for example, political functions, for example, heads of states or government, politicians, senior government, judicial or military officers, the first heads of state bodies and departments, heads of the quasi-state sector and political parties, "the project concept says The Law "On Amendments to Amendments and Additions to Some Legislative Acts of the Republic of Kazakhstan on the Countering Legalization (Laundering) of the income received by criminal, and the financing of terrorism".
As the developers explained, "on the basis of the essence of these provisions of FATF, Kazakhstan needs to carry out financial monitoring regarding all PPLs regardless of country affiliation."
"At the same time, in the legislation of the Republic of Kazakhstan, the recommendation 12 FATF is not fully implemented, namely, additional measures to carry out adequate customer checks (hereinafter referred to as the NPC) are established only with respect to foreign PLLs, which is a serious disadvantage in terms of compliance with international standards. In this regard, it is necessary to determine the list of national PPLs, in respect of which additional NPK measures will be applied, "said in the document.
According to the authors of the amendments, the need to develop a draft law is caused by the preparation of the second round of mutual assessment of Kazakhstan by the Eurasian Group on countering the legalization of criminal income and financing of terrorism (EAG), which the republic must pass in 2021. As noted, when evaluating Kazakhstan, the EAG will be checked by the national system for countering income laundering and financing to terrorism (AMD / FT) by international standards for AML / CFT and financing the distribution of weapons of mass destruction of FATF, as well as the effectiveness of its operation, including certain preventive measures against persons who committed or intending to commit crimes related to legalization (laundering) of income obtained by criminal, and the financing of terrorism and their all possible suppression.
"Assigned ratings and estimates of levels of efficiency in cases of non-implementing recommendations of FATF will entail economic sanctions applied to the country from other participating countries of the FATF global network. The entry under sanctions is the most "dangerous" for states and relate primarily to the banking sector and the scope of financial services. For example, in 2001-2002, sanctions were adopted for non-compliance with the principles of FATF, as a result of which, according to the assessment of international experts, they suffered financial losses in millions of US dollars, "the developers explained.