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HomeMongolia NewsTraceability of Laundered Money Increases Fourfold, Says Financial Monitoring Agency Chairman at...

Traceability of Laundered Money Increases Fourfold, Says Financial Monitoring Agency Chairman at Eurasian Group Forum

NUR-SULTAN – As a result of the “follow the money” mechanism of using parallel financial investigations the traceability of laundered money cases increased fourfold, said Zhanat Elimanov, chairman of the Financial Monitoring Agency (FMA) at the International Forum of the Eurasian Group on Combating Money Laundering and Financing of Terrorism that took place in Nur-Sultan on July 19-20, reports the FMA press service.

Zhanat Elimanov, chairman of the Financial Monitoring Agency of Kazakhstan. Photo credit: el.kz

Participants of the forum positively evaluated Kazakhstan’s efforts to improve the system for combating money laundering and terrorist financing.

“Both globally and in Kazakhstan, modern challenges and threats determine the priority in the fight against money laundering. To take appropriate measures in this direction, we actively use the institute of parallel financial investigations according to the principle ‘follow the…

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