Kazakhstan Implements New Rules for Mobile Money Transfers

Kazakhstan Tightens Mobile Money Transfer Rules: New Regulations Target Businesses, Not Individuals Kazakhstan's financial authorities have introduced new regulations for mobile money transfers, requiring senders to explain the source of funds for transactions under 300,000 tenge if questioned. This measure, announced recently, aims to curb illicit business activities, according to the Finance Vice-Minister, Dauran Kenbayev. "If you are not involved in business activities, you have nothing to worry about," Kenbayev stated. The new rules are intended to improve transparency and help combat financial crime. The video demonstrates how the regulations work in practice, showing examples of mobile money transfers using popular applications. The authorities have clarified that these regulations are designed to target businesses and will not affect ordinary citizens conducting personal transactions. This initiative reflects a broader effort by Kazakhstan to enhance its financial regulatory framework and combat illicit financial flows.