OSCE organizes webinar on anti-money laundering and combating terrorist financing in Kazakhstan

A two-day online training on anti-money laundering and combating terrorist financing (AML/CFT) concluded in Nur-Sultan on 23 June 2020. Some 50 government officials from law-enforcement agencies and the financial sector participated in the event.

The OSCE Programme Office in Nur-Sultan organized the online training, together with the Financial Monitoring Committee under the Finance Ministry and the Law Enforcement Academy under the Prosecutor General’s office/Regional Hub.

Experts from Georgia and Italy delivered presentations on laundering schemes of illegal incomes and recommendations by the Financial Action Task Force (FATF) to prevent and act on such schemes. The participants were familiarized with the concept of beneficial ownership, and the assessment of money laundering risks associated with legal persons. Participants also discussed the 2018 FATF and Egmont Group joint study on the concealment of beneficial ownership.

The FATF is an independent inter-governmental body that develops AML/CFT recommendations that are recognized as standard by the national financial intelligence units. The Egmont Group provides a forum for financial intelligence units to improve co-operation in the AML/CFT and to foster the implementation of domestic programs in this field.

The online training is part of the Programme Office’s multi-year efforts to promote good governance and to combat money laundering and terrorist financing in the host country.