Kazakhstan to Track Mobile Top-Ups to Fight Money Laundering

Kazakhstan Implements Mobile Top-Up Tracking to Combat Money Laundering Kazakhstan is taking a new step in its fight against financial crime. The government has announced that mobile phone top-ups will now be monitored to detect and prevent money laundering schemes. This measure is part of a broader initiative to enhance financial transparency and combat illicit activities. "Operators of mobile communications will provide information about mobile balance replenishments," stated Zheinis Elemesov, deputy chairman of the Financial Monitoring Agency of the Republic of Kazakhstan. This data will allow authorities to identify potential schemes of payment splitting and hidden financing, similar to the monitoring of real estate transactions over 50 million tenge. In addition to mobile top-ups, all transactions with digital assets exceeding 5 million tenge will also come under mandatory control. This comprehensive approach aims to strengthen financial security and deter illegal activities. The initiative has sparked public discussion, with many citizens expressing concerns about privacy. However, the government maintains that the measures are necessary to protect the country's financial system and maintain stability. The long-term impact of these measures remains to be seen, but they represent a significant development in Kazakhstan's approach to financial crime.