Article 6. Due diligence by financial monitoring entities of the client (his representative) and the beneficial owner in case of establishing a business relationship The Law on Countering the Legalization (Laundering) of Proceeds from Crime, the Financing of Terrorism and the Financing of the Proliferation of Weapons of Mass Destruction

Home / RLA / Article 6. Due diligence by financial monitoring entities of the client (his representative) and the beneficial owner in case of establishing a business relationship The Law on Countering the Legalization (Laundering) of Proceeds from Crime, the Financing of Terrorism and the Financing of the Proliferation of Weapons of Mass Destruction

Article 6. Due diligence by financial monitoring entities of the client (his representative) and the beneficial owner in case of establishing a business relationship The Law on Countering the Legalization (Laundering) of Proceeds from Crime, the Financing of Terrorism and the Financing of the Proliferation of Weapons of Mass Destruction

Financial monitoring entities, with the exception of the cases specified in paragraphs 3-1 and 3-2 of Article 5 of this Law, shall take measures for proper verification of clients (their representatives) and beneficial owners provided for in sub-paragraphs 1), 2), 2-1), 2-2), 4) and 6) paragraph 3 of Article 5 of this Law, until establishing a business relationship.

The Law of the Republic of Kazakhstan dated August 28, 2009 No. 191-IV.

This Law defines the legal basis for countering the legalization (laundering) of proceeds from crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction, the legal relations of financial monitoring entities, the authorized body and other state bodies of the Republic of Kazakhstan in the field of countering the legalization (laundering) of proceeds from crime and the financing of terrorism, as well as the mechanisms for implementing targeted financial sanctions, related to the prevention and prevention of terrorism and the financing of terrorism, and the prevention, prevention and cessation of the proliferation of weapons of mass destruction and their financing.

President

Republic of Kazakhstan

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