Binance Announces Signing of MoU with Kazakhstan’s Financial Monitoring Agency

Binance is pleased to announce the signing of a Memorandum of Understanding (MoU) between Binance and the Financial Monitoring Agency of the Republic of Kazakhstan.

The agreement “expresses signatories’ mutual interest in the safe development of virtual asset markets in Kazakhstan and creation of a long-term and sustainable platform for cooperation.”

The memorandum was “signed in Astana on October 3, 2022.”

The Agency of the Republic of Kazakhstan for Financial Monitoring was “represented by its Chairman, Zhanat Elimanov, along with its department heads and other employees.” On behalf of Binance, Tigran Gambaryan, Vice-President of Global Intelligence and Investigations, and Chagri Poyraz, Head of Global Sanctions Department, “were present at the signing.”

The main focus of the MOU is on “building pathways for cooperation and mutual support in areas such as exchange of information about digital assets’ movement, detecting and tracking assets obtained by criminal means, as well as those intended for the legalization (laundering) of criminal proceeds and the financing of terrorism.”

Tigran Gambaryan, Binance’s VP of Global Intelligence and Investigations, said:

“Binance has the most robust compliance program in the industry, including anti—money laundering (AML) principles and global sanctions, as well as tools for proactive detection of suspicious accounts and fraudulent activity. We express our gratitude to the Financial Monitoring Agency of the Republic of Kazakhstan for their cooperation and commitment to solving problems in the fast-growing cryptocurrency industry.”

At the meeting, Gambaryan “presented a report on investigations in the digital asset space, while Chagri Poyraz, Binance’s top sanctions compliance officer, introduced various types of sanctions evasion using crypto and ways to combat them.”

The signing of the Memorandum “comes as part of Binance’s recently launched global Law Enforcement Training Program, which is designed to assist law enforcement across the globe to detect financial and cybercrimes.”

The Binance Law Enforcement Training Program has already “hosted workshops and training sessions with officials in France, Germany, Italy, UK, Norway, Canada, Brazil, Paraguay and Israel, in addition to contributing to global events sponsored by Interpol, Europol, and Eurojust.”

Similar workshops will “take place across multiple other regions and countries over the next few months.”

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