About Kaspi Bank JSC

The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market in connection with the latest publication regarding JSC Kaspi Bank, states the following:

The Bank is one of the systemically important and steadily developing banks in Kazakhstan, consistently demonstrating sustainable growth and a high level of transparency.

As of September 2024, the Bank is the second bank in Kazakhstan in terms of assets, loan volume and deposit base.

The Bank fully complies with the sanction’s regime of the United States, the European Union and other foreign countries.  In addition, the Bank actively cooperates with correspondent banks in the United States and the European Union to ensure best practices of KYC, risk management and internal controls in relation to transactions with a high level of compliance risk.

The Bank carries out its compliance procedures in accordance with the country’s standards to minimize risks, including in-depth customer verification, transaction monitoring and employee training.

In turn, the Agency recently strengthened requirements for customer due diligence and monitoring of their transactions according to KYC standards and in relation of cross-border transactions. It has also established requirements for banks to check foreign clients and monitor their cross-border transactions to prevent the possible use of banking services to carry out transactions aimed at circumventing sanctions.

In 2023, as part of the Mutual Evaluation of the National AML/CFT System for Compliance with the Financial Action Task Force Recommendations, the sustainability and effectiveness of the AML/CFT system in Kazakhstan was confirmed.

 

External Communications Department

+7 (727) 237 1089

press@finreg.kz