Kazakh Financial Police offers to ban legal entities from cash withdrawal

ASTANA. October 19. KAZINFORM Kazakhstan's Agency for Combating Economic and Corruption Crime (Financial Police) proposes to prohibit legal entities to cash money, Deputy Chairman of the Agency Marat Akhmetzhanov told a conference in the Senate.
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According to him, the reason why corruption persists in our country is the possibility of unlimited cash withdrawal. According to the National Bank's data, for the first halfyear KZT 968 billion was cashed in Kazakhstan. "Everyone understands that such large amounts of cash, as a rule, are used for illicit payoffs, tax evasion," said Akhmetzhanov.

He cited the example of Ukraine, where all entities are required to make all purchases and payments on account.

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