OSCE supports training seminar on risk-based approach to combat money laundering and terrorism financing in Kazakhstan

An OSCE-supported two-day training seminar on applying a risk-based approach to counter money laundering and the financing of terrorism for some 80 representatives from the National Bank of Kazakhstan, the Financial Monitoring Committee and the second-tier banks concluded on 18 September 2018 in Almaty, Kazakhstan.  

International experts from Austria, the Netherlands and the United States of America familiarized participants with the concept of a methodological framework and quantitative and qualitative indicators to carry out risk-based supervision over financial institutions. They also discussed the mechanisms to assess risks associated with customers’ remote identification, the application of a risk-based approach and the fulfilling of the requirement of the Financial Action Task Force (an inter-governmental body) to combat money laundering and terrorism financing. During the event, the participants reviewed best practices in collecting evidence and investigating cybercrime incidents as well as addressing information security, including protection of personal data and practical aspects of complying with the EU’s General Data Protection Regulation.

The event was organized by the OSCE Programme Office in Astana in partnership with Kazakhstan’s National Bank and the United States Embassy in Astana.

The event is part of the Programme Office’s multi-year efforts to promote good governance and combat money laundering and terrorism financing.