Majilis approved draft law on countering money laundering and financing terrorism 25 апреля 2012, 21:42
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Majilis deputies. Photo by Danial Okassov©
Kazakhstan deputies have approved the draft law on countering money laundering and financing terrorism, Tengrinews.kz reports. On April 25 the Majilis adopted the draft law On amendments to several legislative acts of Kazakhstan on countering legalization (laundering) of illegally received incomes and financing terrorism.
“Earlier the deputies made the following amendments: size of penalties for legal entities by categories of small, medium and large businesses were reviewed; legal gaps in law-enforcement practices on suspension of the licenses for advocacy were eliminated,” Majilis press-service notes.
“The amendment containing a definition of ‘business relations’ term was eliminated due to a need for further clarification. The regulation that decreases the sum of money subject to financial monitoring during import/export of cash through Kazakhstan border was also eliminated. A regulation defining grounds for filing inquiries to special state and law-enforcement authorities to receive information from the authorized body was added,” the press-service writes.
The document has been sent to the Senate for consideration.
By Assel Satayeva