The Agency of the Republic of Kazakhstan for Financial Monitoring informs that in accordance with Article 3 of the Law of the Republic of Kazakhstan "On Countering the Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism" (hereinafter the AML/CFT Law), the subjects of financial monitoring (hereinafter - SFM) include:
1) legal consultants and other independent legal experts (in cases defined by the AML/CFT Law);
2) accounting organizations and professional accountants engaged in business activities in the field of accounting;
3) individual entrepreneurs and legal entities engaged in leasing activities as a lessor without a license;
4) individual entrepreneurs and legal entities engaged in operations with precious metals and precious stones, jewelry made from them;
5) individual entrepreneurs and legal entities providing intermediary services in the implementation of real estate purchase and sale transactions.
The above-mentioned SFMS (with the exception of accounting organizations and accountants) are required to send a notification of the beginning or termination of activities to the authorized body via the E-license Portal (link - https://elicense.kz / ), in the category "Finance".
There are also legal requirements in the field of AML/CFT for SFM, in order to get acquainted with the information, financial monitoring entities need to register in the "SFM cabinet" (link - https://www.web-sfm.kfm.kz /, cabinet usage guide - https://afmrk.gov.kz/assets/files/departament/290-py70k2.pdf ).
Liability for non-compliance with the requirements of the AML/CFT Law is provided for in Articles 463 and 214 of the Administrative Code of the Republic of Kazakhstan.