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Tengrinews.kz – The National Bank of Kazakhstan has announced the adoption of legislative amendments aimed at strengthening the fight against fraudulent activities in the financial market, expanding the functionality of the National Anti-Fraud Center, and simplifying the process of returning funds to victims of fraud, according to the National Bank’s press service.
From now on, funds blocked due to transactions with signs of fraud can be returned based on a notice from investigative authorities with a prosecutor’s sanction — previously, a court decision was required.
Additionally, a database of suspicious payment cards and e-wallets involved in illegal operations is being created under the National Anti-Fraud Center.
“People whose bank accounts are blocked due to fraud suspicions will still have access to social payments and other transfers such as pensions, scholarships, benefits, or salaries,” the National Bank stated.
To ensure financial organizations can thoroughly analyze suspicious transactions, the blocking period for such transactions has been extended from 3 to 5 business days.
“These changes will allow us to respond more quickly to fraud attempts and more effectively combat fraud, drug trafficking, financial pyramids, and illegal gambling. Our goal is to create an effective system in Kazakhstan to counter fraud and other illegal operations and respond to such threats in advance,” said Berik Sholpankulov, Deputy Chairman of the National Bank.
Furthermore, the Anti-Fraud Center will integrate its databases with the General Prosecutor’s Office, the National Security Committee, the Ministry of Digital Development, Innovations and Aerospace Industry, and mobile operators.
The next stage of development for the Anti-Fraud Center will be the implementation of artificial intelligence technology to detect suspicious activity in banking apps and block questionable transfers at the interbank level.
The National Bank’s Anti-Fraud Center is a specialized unit that helps fight fraud, especially cases involving theft through bank transfers and payments. It was launched in 2024.
Currently, more than 200 entities are connected to the Anti-Fraud Center, including banks, microfinance organizations, telecom operators, and government agencies. Over 80,000 incidents have been recorded, resulting in the blocking of nearly 3 billion tenge.
