AFSA as a supervisory authority is committed to maintaining a regime that acts as a significant deterrent to any criminal elements, including money launderers and persons wishing to assist, in any way, acts of terrorism. The AFSA administers and enforces AIFC legislation on countering anti-money laundering (AML) and counter-terrorism financing (CFT). In this connection AFSA announces Lists of predicate offences and typology research reports for better understanding of the money laundering and terrorist financing threats by AIFC Participants.
List of Predicate offences
The List of Predicate offences relating to money laundering and terrorist financing with references to the appropriate Articles of the Criminal Code of the Republic of Kazakhstan was adopted by AFSA based on the designated categories of offences defined in the Financial Action Task Force (FATF) Recommendations (2019).
Pursuant to R.3 and R.5 of the FATF Recommendations, Money laundering and Terrorist financing offences should be criminalised on the basis of the Vienna Convention, the Palermo Convention and the Terrorist Financing Convention. Countries should apply the crime of money laundering to all serious offences, with a view to including the widest range of predicate offences.
The list of typology research reports
The typologies reports on money laundering (ML) and terrorist financing (TF) methods can assist all AML/CFT stakeholders to better understand the nature of existing and emerging ML and TF threats and pursue effective strategies to address those threats. The typology research reports are publicly available at web-resources of FATF and FATF-style regional bodies (FSRBs). These documents provide the samples of ML and TF methods and trends, explanation of measures on combating ML and TF and general description of typologies and case studies. These samples of typology reports will assist financial institutions and non-financial businesses and professions in identifying, assessing and understanding ML and TF risks that they are exposed to as well as to detect and combat ML and TF.
Currently, AFSA does not have its practical samples of ML/TF typology reports and highly recommends to use as a guidance the list of typology research reports of FATF and FSRBs.
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