Publications

On December 31, 2020, the plenary session of the State Great Khural (the Parliament) adopted new amendments to the Law on the Legal Status of Foreign Citizens, and these amendments entered into legal force on June 1, 2021.

Kazakhstani legislation requires subsoil users or persons applying for solid minerals exploration right to provide security (“Security”) for the obligations on liquidation of consequences of subsoil use operations (“Relinquishment obligations”).

Belarus aims to comply with the FATF recommendations in the regulation of anti-money laundering issues, despite the fact that Belarus is not a member of the FATF.

Recognition and enforcement of foreign judgments on the commercial matters against legal entities in Belarus are not rare. If decision of the foreign court is not executed voluntary by the Belarusian debtor than one shall deal with procedure of recognition and enforcement.

Kazakhstan chapter of the twelfth edition of The Banking Regulation Review which considers high-level insight across the legal and regulatory requirements applicable to banks.

According to the amendment to Recommendation 15 of the International standards on Combating money laundering and financing of terrorism & proliferation (FATF 40 recommendations), dated October 2018, the terms “virtual asset” and “virtual asset service providers” have been added to the general glossary of FATF recommendations and the “virtual asset” has become subject to anti-money laundering and counter-terrorist financing system of countries.