The Majilis (lower house) of Kazakhstan's parliament approved Wednesday the ratification of an agreement on information exchange for combating money laundering and terrorist financing within the Eurasian Economic Union (EEU). The session is being broadcast on the legislature's website.
"The agreement provides for the timely exchange of information and data in the field of combating legalization (laundering) of criminal proceeds and financing terrorism in cash movement and (or) monetary instruments moving across the customs border of the Eurasian Economic Union with the Eurasian Economic Union countries," said the Majilis Committee on Finance and Budget in its conclusion.
The same day, the chamber approved a draft law on ratification of the protocol on amendments to the treaty on combating money laundering and financing of terrorism in the movement of cash and (or) monetary instruments across the customs border of the Customs Union on December 19, 2011. The document suggests amendments to the treaty in terms of bringing it in line with the Treaty on the Eurasian Economic Union of May 29, 2014, and the Treaty on the Customs Code of the Eurasian Economic Union of April 11, 2017, as well as the terminology and conceptual framework used in them.
After approval by the lower house of parliament, both bills will go to the Senate, the upper house of parliament, for consideration.
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Based on materials from TASS