ANALYSIS OF THE EFFICIENCY OF LEGISLATION ON COUNTERING THE LEGALIZATION (MONEY-LAUNDERING) OF PROCEEDS FROM CRIME AND THE FINANCING OF TERRORISM

Abstract

One of the directions of ensuring the national security of the country is countering the laundering of proceeds from crime and the financing of terrorism, as well as improving the system of ensuring national security in accordance with international standards (AML/CFT) and financing the proliferation of weapons of Mass Destruction of the Group for the Development of Financial Measures to Combat Money Laundering obtained by Criminal Means (FATF).

The January events in Kazakhstan showed that the groups that staged crimes, riots and mass pogroms in the southern metropolis of Kazakhstan and other major cities in Kazakhstan had a clear scenario.

All this, logically, should be financed in some way, since terrorist activity is caused by the observed trends of increasing the level of its organization, the creation of large terrorist formations with a developed infrastructure inside the country and abroad, the strengthening of the relationship between terrorist and organized crime, including transnational, as well as attempts to use terrorist activity as an instrument of interference in the internal affairs of the state.

The authors investigated the Law of the Republic of Kazakhstan «On countering the legalization (money-laundering) of proceeds from crime and the financing of terrorism» and proposed new solutions to this issue.