Article 14-1. The inadmissibility of opening, owning accounts (deposits), storing cash and valuables in foreign banks located outside the Republic of Kazakhstan The Anti-Corruption Law

Home / RLA / Article 14-1. The inadmissibility of opening, owning accounts (deposits), storing cash and valuables in foreign banks located outside the Republic of Kazakhstan The Anti-Corruption Law

1. Persons holding responsible government positions, persons authorized to perform government functions (with the exception of deputies of maslikhats), officials are prohibited from opening and having accounts (deposits) in foreign banks located outside the Republic of Kazakhstan, storing cash and valuables in foreign banks located outside the Republic of Kazakhstan.

Note. The restriction provided for in this paragraph does not apply to branches of non-resident banks of the Republic of Kazakhstan located on the territory of the Republic of Kazakhstan.

2. The persons specified in paragraph 1 of this Article, within six months from the date of taking office or the circumstances specified in paragraph 4 of this Article have disappeared, are obliged to close accounts (deposits) in foreign banks located outside the Republic of Kazakhstan and (or) stop storing cash and valuables in foreign banks, located outside the Republic of Kazakhstan.

In the event that the persons referred to in paragraph 1 of this article are unable to comply with the requirements provided for in part one of this paragraph due to the arrest or prohibition of orders imposed by the competent authorities of a foreign state in accordance with the legislation of that foreign state in whose territory accounts (deposits) are located and (or) cash is being stored. money and valuables in a foreign bank, or in connection with circumstances of force majeure (natural disasters, military operations, state of emergency, the impossibility of early termination of the bank account (deposit) agreement and other circumstances) beyond the control of the will of the persons referred to in paragraph 1 of this Article, such requirements must be fulfilled within six months from the date of termination of the arrest, prohibition of the order or termination of other circumstances with the submission of documents confirming the relevant facts.

3. In the event that, as a result of accepting an inheritance in accordance with the legislation of the Republic of Kazakhstan or the legislation of a foreign state, the persons referred to in paragraph 1 of this Article receive accounts (deposits), cash and valuables in foreign banks located outside the Republic of Kazakhstan, these persons are obliged to take possession and (or) use within six months from on the date of acceptance of the inheritance, close accounts (deposits) and (or) stop storing cash and valuables in foreign banks located outside the Republic of Kazakhstan.

4. The provisions of paragraphs 1, 2 and 3 of this Article do not apply to persons referred to in paragraph 1 of this Article who are sent to work in foreign institutions, representative offices of the Republic of Kazakhstan and international organizations from the Republic of Kazakhstan, as well as seconded to these organizations, for the period of work in these organizations or studying abroad, or undergoing internships abroad abroad, or who are on a business trip abroad, or undergoing medical treatment abroad, or who are abroad as the legal representative of a minor child or as a guardian or trustee of an adult for the period of study or treatment of the relevant person abroad.

5. Within the time limits provided for in this article, the persons referred to in paragraph 1 of this article have the right to submit an application for termination of public service or other relevant activities at their own request.

The Law of the Republic of Kazakhstan dated November 18, 2015 No. 410-V SAM.

This Law regulates public relations in the field of combating corruption and is aimed at implementing the anti-corruption policy of the Republic of Kazakhstan.

President

Republic of Kazakhstan

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