Kazakhstan and Binance Sign MoU to Fight Financial Crime

Kazakhstan and Binance sign MoU to fight financial crime
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The Financial Monitoring Agency of the Republic of Kazakhstan and Binance have today signed a Memorandum of Understanding that will establish a long-term collaboration.

This agreement was signed by both parties with the intention of fostering the safe development of virtual asset markets in the country and creating an interactive platform that can be sustained over the long run.

Expanding the Partnerships

Zhanat Kaldybekovich Elimanov, Chairman of the Financial Monitoring Agency of the Republic of Kazakhstan, along with the heads, employees, and representatives of the Financial Monitoring Agency of the Republic of Kazakhstan, attended the meeting to sign the Memorandum of Understanding. There were also representatives from Binance’s ecosystem who attended the meeting. 

I am writing to express my intention that the main objective of the memorandum is to ensure that the parties are cooperating and supporting each other in the area of cryptocurrency circulation, information exchange, identification, and blocking of virtual assets that have been obtained by criminal means, as well as those that are intended to legalize (launder) proceeds from crime and to finance terrorism.

The Vice President of Binance for Global Intelligence and Investigations, Tigran Gambaryan, who acted as the Chairperson of the Financial Monitoring Agency of the Republic of Kazakhstan, presented a report on the topic “Investigations in the Cryptosphere” at the meeting.

There was also during the meeting between Binance representatives and representatives of the Kazakh Agency for Financial Monitoring, the head of Binance’s global sanctions department, Chagri Poyraz, spoke on the topic of “Typologies for sanctions evasion by way of cryptocurrencies and suppression of illegal activities” as well as other topics related to the matter. 

Upon signing the Memorandum of Understanding, representatives from regulatory agencies and law enforcement agencies around the world took part in a global training program. This program aims to establish a cooperative ecosystem between local and international authorities in order to fight against cyber and financial crime by facilitating cooperation between the ecosystem and the various authorities. 

In addition to France, Germany, Italy, the United Kingdom, Norway, Canada, Brazil, and Paraguay, the Binance Law Enforcement Training Program has already taken place in France, Germany, Italy, the United Kingdom, and Israel. During the following months, there will be similar events taking place in other regions and countries as well.

Within the last few months, Binance has gained approval and registration in the following countries: France, Italy, and Spain, as a result of stringent compliance and anti-money laundering programs, as well as partnerships with law enforcement agencies.


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