BTA Bank comment on message of financial police06.03.2014 11:14:36
Almaty, March 6, 2014 - BTA Bank JSC (the Bank) considers it necessary to comment on the information published on March 4, 2014 on the official website of the Agency on fighting with economic and corruption crimes (the financial police), to initiate criminal case against a resident of the Atyrau region, which is suspected of funding international terrorist organization.
Remittance in the amount of three thousand dollars, which said the financial police, was sent at the beginning of 2011 and at the time of the transaction was not subject to financial monitoring pursuant to the conditions and criteria defined by the Law of the Republic of Kazakhstan "Concerning the Counteraction of the Legitimization (Laundering) of Proceeds of Crime and the Financing of Terrorism" No.191-IV dated August 28, 2009. Furthermore, neither the sender nor the recipient of the transfer at the moment for the committed, were not included in the official list of organizations and individuals associated with the financing of terrorism and extremism.
Accordingly, the Bank had no reason and opportunity to assume that the remittance will subsequently be recognized by the financial police as a suspicious transaction in respect of which there is reason to believe that its implementation is aimed at the financing of terrorism. That remittee involved in the financing of terrorism and extremism, the Bank find out from an official source only in 2013 (i.e. within two years after the transfer). From the moment that the recipient of the translation was entered in the appropriate database system of financial monitoring of the Bank.
The Bank considers it necessary to underline that as a law-abiding financial institution that conducts its work in strict, accordance with the requirements of Kazakhstan legislation and try to accomplish all legal requirements of the competent authorities.