ASTANA— Kazakhstan has been strengthening its international cooperation to enhance data exchange, track suspicious international financial transactions and recover assets including securities, real estate, jewelry and ancient artworks, as well as directing the funds to socio-economic projects, since the reinforcement of the law on returning illegally withdrawn assets to the state in 2023. Photo credit: Kazinform Since the beginning of this year, Kazakhstan has returned approximately 195 billion tenge (US$410 million) and 1.07 trillion tenge (US$2.
2 billion) of illegally withdrawn assets over the past 2.5 years, including those from oligopolies, according to chairman of the Anti-Corruption Service Askhat Zhumagali. He noted the importance of compensating for damage caused by corruption and returning illicitly obtained assets.
The Anti-Corruption Service cooperates with international law enforcement networks such as the UN’s GlobE, the Egmont Group, and CARIN and ARIN. The Asset Recovery Committee of the Prosecutor General’s Office approved claims for the return of illegally obtained assets worth over 325 billion tenge (US$727 million), including 272 billion tenge (US$608 million) in funds on June 5 , to be allocated to social and economic projects. Screenshot from the Subject to Refund film.
Chairman of the Asset Recovery Committee of the Prosecutor General’s Office Nurdaulet Suindikov. Photo credit: Kazinform “The projects involve building educational and cultural c.