OSCE supports training seminar on combating money laundering and financing of terrorism in Kazakhstan

An OSCE-supported training seminar on anti-money laundering and combating the financing of terrorism (AML/CFT) for some 40 representatives of Kazakhstan’s government authorities, self-regulatory bodies as well as Designated Non-Financial Businesses and Professions took place on 18 November 2016 in Astana.

Experts from Italy and Latvia delivered presentations on international standards stipulated by the Financial Action Task Force (FATF), particularly in the area of regulating and supervising Designated Non-Financial Businesses and Professions, which are defined as casinos, real estate agents, dealers of precious metals and stones as well as lawyers and other professions. They highlighted the lessons learned from the experience of other OSCE participating states.

Representatives of Kazakhstan’s Finance Ministry’s Financial Monitoring Committee elaborated on the country’s regulation requirements and pointed to the importance of co-operation between the private and public sectors. The participants also took part in a group exercise to identify the products and services that present money-laundering and financing-of-terrorism risks, and proposed mitigation measures.

The event is the last in a series of five OSCE-supported training courses on combating money laundering and the financing of terrorism. It builds on the Office’s multi-year efforts in this area and to promote good governance.