Today, a delegation from the UAE’s Executive Office for Anti-Money Laundering and Counter-Terrorism Financing, headed by Director General Hamid Al Zaabi, visited Kazakhstan’s Financial Monitoring Agency. The two sides discussed expanding cooperation in combatting the laundering of illicit proceeds, exchanged views on digitizing national risk assessment processes, and shared methods for detecting illegal use of virtual assets. They also covered issues such as countering drug trafficking, money laundering, and repatriating unlawfully transferred capital. Kazakhstan and the UAE agreed to collaborate in boosting the expertise of anti-money laundering professionals in Kazakhstan through the Association of Certified Anti-Money Laundering Specialists (ACAMS). Both parties highlighted the high level of interagency cooperation and expressed a commitment to further strengthen this collaboration.

Kazakhstan’s Financial Monitoring Agency also participates in the FATF Contact Group on digital assets, allowing it to contribute solutions for combating cryptocurrency-related offenses based on its national experience. Since the beginning of the year, the agency has concluded investigations into 57 financial pyramid schemes, involving nearly 21,500 investors and resulting in a total loss of almost 20 billion tenge.