2.8.1. Financial Crime

Financial Crime means any kind of conduct relating to money or to financial services or markets that would amount to criminal conduct under law of Republic of Kazakhstan (whether or not such conduct takes place in the Republic of Kazakhstan), including any offence involving:

• (a) fraud or dishonesty;
• (b) misconduct in, or misuse of information relating to, a financial market;
• (c) handling the proceeds of crime; or
• (d) the financing of terrorism.

2.8.2. Measures to prevent, detect and report market abuse or Financial Crime

An Authorised Market Institution must:

• (a) ensure that appropriate measures (including the monitoring of transactions effected on or through the Authorised Market Institution’s facilities) are adopted to reduce the extent to which the Authorised Market Institution’s facilities can be used for a purpose connected with Market Abuse, Financial Crime or money laundering, and to facilitate their detection and monitor their incidence; and
• (b) immediately report to the AFSA any suspected Market Abuse, Financial Crime or money laundering, along with full details of that information in writing.

2.8.3. Whistleblowing

An Authorised Market Institution must have appropriate procedures and protections for requiring its Employees to disclose any information to the AFSA in a manner which does not expose them to any disadvantage as a result of so doing.