Article 214-1. The commission of an operation with money and (or) other property that entailed the legalization (laundering) of proceeds from crime of the Code of the Republic of Kazakhstan on Administrative Offenses  

     The commission by a legal entity of an operation with money and (or) other property knowingly obtained by criminal means for an individual of this legal entity, which resulted in the lawful possession, use or disposal of said money and (or) other property, –

     entails a fine for small businesses and non–profit organizations in the amount of seven hundred and fifty, for medium–sized businesses in the amount of one thousand, and for large businesses in the amount of two thousand monthly calculation indices.

     Notes.

     1. For the purposes of this article, an individual should be understood as a person who permanently, temporarily, or by special authority performs organizational, administrative, or business functions in a legal entity specified in the first paragraph of this article, or an employee of such a legal entity who has the right to conduct transactions with money and (or) other property in accordance with the laws of the Russian Federation. Of the Republic of Kazakhstan or the charter of a legal entity, or the beneficial owner of such a legal entity, defined by subparagraph 3) of Article 1 of the Law of the Republic of Kazakhstan "On Countering the Legalization (Laundering) of Proceeds from Crime and the Financing of terrorism."

     2. A legal entity that has voluntarily declared a transaction with money and (or) other property that has resulted in the legalization (laundering) of proceeds from crime shall be released from administrative liability, unless his actions contain elements of another offense.

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