The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has issued amendments to certain financial-market regulations covering anti-money laundering, counter-terrorist financing and counter proliferation financing. The package tightens screening for prospective major shareholders and holding structures and sets out how financial organisations should monitor customers’ suspicious activity, including the possible use of automated risk scoring. Under Board Resolution No. 78 of 12 December 2025, the Agency expanded the grounds for refusing consent to a person seeking to become a major participant in a financial organisation or obtain holding status where the beneficial owner has an unspent or unexpunged conviction for money laundering, terrorist financing or proliferation financing offences. The amendments also establish the procedure for monitoring a client’s suspicious activity and allow financial organisations to use a scoring module, described as an automated system containing information sourced from multiple data sources, to support risk identification of a client or the client’s representative. The resolution is stated to enter into force from 2 January 2025.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-12-24
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan amends AML ownership approval criteria and sets rules for monitoring suspicious client activity
Kazakhstan's Financial Market Agency has amended regulations to enhance anti-money laundering, counter-terrorist financing, and counter-proliferation measures. Key changes include stricter screening for major shareholders and holding structures, guidelines for monitoring suspicious activities using automated risk scoring, and expanded grounds for refusing consent to individuals with financial crime convictions.