A delegation of the Financial Monitoring Agency of Kazakhstan is taking part in the plenary meeting of the Financial Action Task Force on Money Laundering (FATF) in Paris, El.kz reports with reference to the press service of the FMA. The meeting focused on the impact of digitalization on the global system for combating money laundering and terrorist financing.
World experts noted the growing threat of using online casinos and marketplaces to launder criminal proceeds. The growth of online platforms poses significant risks related to drug trafficking and corruption. The FATF and country representatives are actively working to develop recommendations to address these new challenges.
Chaired by Elisa de Anda Madrazo of Mexico, the new President of the FATF, the meeting also heard reports on the assessment of the national systems of Oman and Argentina for compliance with the FATF standards.
In June last year, Kazakhstan successfully completed the second round of the Mutual Evaluation. The Financial Monitoring Agency continues its active policy to strengthen the country's international presence in the field of combating money laundering, including in matters of modern technologies. This year, Kazakhstan became part of the FATF Virtual Assets Contact Group (VACG), which allowed the country to offer solutions to combat the illegal use of cryptocurrencies.