AML/CFT for Commodity Exchange Brokers.
Trade-Based Money Laundering (TBML) is one of the major financial challenges of our time. According to FATF and UN estimates, up to USD 2 trillion is laundered globally each year, including up to USD 16 billion in Kazakhstan.

Important changes are coming: starting from November 2025, amendments to Kazakhstan’s AML/CFT Law will take effect. Commodity exchange brokers will become subjects of financial monitoring and will be required to implement KYC procedures, internal controls, and employee training.

To help the market prepare, the Association of Compliance and Business Ethics, together with Caspy Commodity Exchange and Safex.kz, organized a master class in Almaty for brokers and representatives of commodity exchanges.

During the meeting, participants discussed how to adapt to the new legislative requirements, how to identify signs of money laundering and suspicious transactions, and which digital solutions can already help automate AML processes.

We are working to ensure that every meeting helps market participants prepare for new regulatory requirements and become even more compliance-savvy.