Main

Legal Framework

5.1.4. Identification of Politically Exposed Persons

LEGAL ENTITIES LEGISLATION

FINANCIAL SERVICES LEGISLATION

REGULATIONS

RULES

GENERAL RULES

CONDUCT OF BUSINESS RULES

ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING AND SANCTIONS RULES

1. INTRODUCTION

2. APPLICATION

3. GUIDANCE ON KAZAKHSTAN CRIMINAL LAW

4. THE RISK BASED APPROACH

5. CUSTOMER RISK ASSESSMENT

5.1. Assessing customer money laundering risks

5.1.1. Requirement to conduct a customer risk assessment

5.1.2. Timing of the customer risk assessment

5.1.3. Conduct of the customer risk assessment

5.1.4. Identification of Politically Exposed Persons

5.1.5. Identification of control structure

5.1.6. Prohibition on relationships with Shell Banks

6. CUSTOMER DUE DILIGENCE

7. ENHANCED DUE DILIGENCE

8. SIMPLIFIED DUE DILIGENCE

9. RELIANCE AND OUTSOURCING

10. CORRESPONDENT BANKING

11. WIRE TRANSFERS

11-1. TRANSFER OF DIGITIAL ASSETS

11-2. DIGITAL ASSET TRANSFER COUNTERPARTY DUE DILIGENCE AND ADDITIONAL MEASURES

12. SANCTIONS

13. MONEY LAUNDERING REPORTING OFFICER, THRESHOLD TRANSACTIONS, SUSPICIOUS TRANSACTIONS AND TIPPING OFF

14. GENERAL OBLIGATIONS

Figure 1 – The Risk Based Approach

Figure 2 – Customer Risk Assessment

COLLECTIVE INVESTMENT SCHEME RULES

AUTHORISED MARKET INSTITUTION RULES

MARKET RULES

RECOGNITION RULES

DEMATERIALISED INVESTMENT RULES

RULES FOR PRE-IPO LISTINGS

SOVEREIGN BONDS RULES

BANKING BUSINESS PRUDENTIAL RULES

PRUDENTIAL RULES FOR INVESTMENT FIRMS

PRUDENTIAL RULES FOR INSURANCE INTERMEDIARIES

INSURANCE AND REINSURANCE PRUDENTIAL RULES

ISLAMIC BANKING BUSINESS PRUDENTIAL RULES

ISLAMIC FINANCE RULES

TAKAFUL AND RETAKAFUL PRUDENTIAL RULES

REPRESENTATIVE OFFICE RULES

AIFC AUDITOR RULES

AIFC Financial Technology Rules

COOPERATION AND EXCHANGE OF INFORMATION RULES

TERMS AND PROCEDURE FOR CURRENCY TRANSACTIONS

FINANCIAL SERVICES EXEMPT FROM CORPORATE TAX

GLOSSARY

FEES RULES

RULES ON CURRENCY REGULATION AND PROVISION OF INFORMATION ON CURRENCY TRANSACTIONS IN THE AIFC

RULES ON THE SUBSTANTIAL PRESENCE OF THE AIFC PARTICIPANTS APPLYING TAX EXEMPTIONS FOR THE PAYMENT OF CIT, VAT

MULTILATERAL AND ORGANISED TRADING FACILITIES RULES

AIFC RECOVERY AND RESOLUTION RULES

AIFC RULES ON DIGITAL ASSET ACTIVITIES

RULES AND MECHANISMS OF COOPERATION OF UNBACKED DIGITAL ASSET EXCHANGES AND/OR CENTRE PARTICIPANTS AUTHORIZED TO CARRY OUT DIGITAL ASSETS-RELATED ACTIVITIES WITH SECOND-TIER BANK OF THE REPUBLIC OF KAZAKHSTAN

AIFC RULES ON PROVIDING MONEY SERVICES

POLICIES AND POLICY STATEMENTS

5.1.4. Identification of Politically Exposed Persons

The policies, procedures, systems and controls adopted by the Relevant Person in accordance with AML 5.1.1 must enable it to determine whether a customer or a beneficial owner is a Politically Exposed Person ("PEP").

About

Firms

Consumers

FinTech

Registration

5.1.4. Identification of Politically Exposed Persons

The policies, procedures, systems and controls adopted by the Relevant Person in accordance with AML 5.1.1 must enable it to determine whether a customer or a beneficial owner is a Politically Exposed Person ("PEP").