Strengthened Control Over Money Transfers
According to the new regulations, banks and tax authorities will closely monitor financial transactions on personal bank accounts.
Monitoring will be triggered if both conditions are met:
• within 3 months, transfers were received from more than 100 different individuals;
• the total amount of transfers exceeded 1 million KZT.
Not subject to inspection:
• transfers from personal deposits;
• card replenishment through ATMs;
• official salaries and social benefits;
• transfers from close relatives.
Common mistakes that raise concerns:
• frequent back-and-forth transfers between relatives;
• comments such as “payment,” “for goods,” etc.;
• multiple small transfers to personal cards instead of using a cash desk;
• replenishment of third-party cards through ATMs.
Recommendations:
• always indicate the correct purpose of the transfer (“loan repayment,” “gift,” etc.);
• avoid artificial splitting of amounts;
• for business purposes, use official payment channels.
