OSCE assists Kazakhstan’s banking sector in countering money laundering and financing of terrorism

An OSCE-supported international certification programme for 30 representatives of the banking sector on detecting and preventing money laundering and terrorism financing began on 9 December 2015 in Almaty, Kazakhstan.

The three-day event is co-organized by the Finance Ministry’s Financial Monitoring Committee, the National Bank, the Financial Institutions’ Association, the OSCE Programme Office in Astana, and the United States’ Embassy in Kazakhstan.  

Specialists from nearly 20 second-tier banks of Kazakhstan will examine the available tools and best international practices, and also review international standards on anti-money laundering and countering the financing of terrorism, and methods and schemes of bank fraud. Participants will discuss how to enhance interaction between the competent authorities and banking sector representatives in investigating financial crimes.

Furthermore the event involves a train-the-trainer course conducted by a senior anti-money laundering and combatting financial crime professional from the Association of Certified Anti-money Laundering Specialists (ACAMS), which developed the curriculum of this certification programme.

This programme builds on the Office’s multi-year activities in the fields of good governance, anti-money laundering and countering the financing of terrorism in the host country.