ASTANA, February 21 (Itar-Tass) —— Kazakhstan has ratified the agreement on the Eurasian Group for the Suppression of Money Laundering and Financing of Terrorism. Kazakh President Nursultan Nazarbayev signed the ratification instrument on Tuesday, the presidential office said.
The agreement signed in Moscow in July 2011 aims to develop regional cooperation and integration of the Eurasian Group members into the global system of suppression of money laundering and financing of terrorism in compliance with the FATF recommendations.
It stipulates joint operations, coordinated international cooperation plans, technical assistance from specialized international agencies and exchange of experience.
According to the preliminary estimates, Kazakhstan will contribute 22.28 million tenge ($150,000) to the project this year.
The Eurasian Group unites Belarus, India, Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan, Turkmenistan and Uzbekistan. Twelve states and 17 international and regional organizations enjoy the observer status.