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 carrying out national risks assessment of legalization (washing) of income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction

According to Item 3 of article 11-1 of the Law of the Republic of Kazakhstan "About counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction I ORDER:

1. Approve the enclosed Rules of carrying out national risks assessment of legalization (washing) of income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction.

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 carrying out national risks assessment of legalization (washing) of income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction

Chapter 1. General provisions

1. These rules of carrying out national risks assessment of legalization (washing) of income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction (further – Rules) are developed according to Item 3 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, to financing of terrorism and financing of distribution of weapons of mass destruction" (further – the Law), determine procedure for carrying out national risks assessment of legalization (washing) for income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction.

2. In these rules the following concepts are used:

1) the working group – the group consisting of number of participants of national risks assessment of legalization (washing) of income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction, except for subjects of financial monitoring;

2) risks of legalization (washing) of income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction – causing damage to financial system and national economy, by making of financial transactions (transactions) for the purpose of legalization (washing) of income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction in connection with realization of threats and (or) availability of vulnerabilities;

3) structuring risks of legalization (washing) income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction – grouping and summing of collected data for national risks assessment of legalization (washing) of income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction for their subsequent analysis;

4) ranging of risks of legalization (washing) of income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction – the procedure of establishment of the relative importance (preference) of collected data for national risks assessment of legalization (washing) of income gained in the criminal way, financings of terrorism and financing of distribution of weapons of mass destruction;

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