New rules against illegal drug and digital asset trafficking adopted in Kazakhstan

Astana. January 15. KazTAG – Kazakhstan has introduced measures to strengthen control over banking operations related to drug and digital asset trafficking, reports the Agency for Regulation and Development of the Financial Market.
According to the new regulations, banks must automate processes to identify transactions that have signs of money laundering and terrorist financing. The list of suspicious activities includes: illegal production, trafficking and transit of drugs; payments and transfers in favor of digital exchanges that are not part of the Astana International Financial Center; transactions with electronic casinos and online casinos. For non-residents of Kazakhstan, the validity period of payment cards is set at no more than 12 months. The number of cards that one client can issue is limited.

Photo source: picture from an open source


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