Category: Kazakhstan Bank

Anti money laundering / Cryptocurrency / Digital Services / Kazakhstan / Kazakhstan Bank / Russia / Tax Evasion / Vladimir Putin

Kazakhstan May Ban Cryptocurrencies Citing Money-Laundering Concerns

Posted On: April 1, 2018

Kazakhstan’s National Bank is considering banning cryptocurrency use, exchanges, and mining, saying virtual currencies are an ideal vehicle for fraud, money-laundering, and tax evasion. “In Kazakhstan, the National Bank is taking a very conservative approach toward the matter, and it welcomes nothing but extremely tough restrictions,” Daniyar Akishev, the chairman… – Continue reading

Investments / Kazakhstan / Kazakhstan Bank / Offshore Banking / Offshore Investments

LEGAL ALERT ON KAZAKHSTAN BANKS M&A

Posted On: January 14, 2015

Under Kazakhstan law, generally, both resident and non-resident legal entities may own shares in a Kazakhstan bank. National Bank Pre-Transaction Consent.  Generally, there are two thresholds entailing the necessity to obtain the National Bank of Kazakhstan (the ‘NBK’) (financial regulator) pre-transaction consent:  (i) “large participant”, whereby an entity controls ≥10%… – Continue reading

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