President Kassym-Jomart Tokayev received the Chairman of the Agency for Financial Monitoring (AFM) Zhanat Elimanov and heard a report on the agency's work.
According to the press service of Akorda, AFM employees exposed shell companies through which over 24 billion tenge was cashed out and stopped the activities of 20 illegal crypto exchangers.
The Agency also liquidated the largest crypto service in the CIS, which collaborated with 20 Darknet platforms and more than 200 drug shops. Virtual assets worth $9.7 million were frozen.
Furthermore, the head of the agency reported the completion of investigations into 720 criminal cases, as well as the dismantling of 15 organised criminal groups, including three transnational ones.
In addition, AFM employees stopped the illegal export of oil products worth 17.1 billion tenge and uncovered underground workshops producing tobacco products and surrogate alcohol. They seized vapes from the shadow economy worth 12 billion tenge.
Law enforcement also prevented unjustified expenses on 63 infrastructure projects amounting to 164 billion tenge and the inefficient use of subsidies in the agricultural sector worth 11 billion tenge. Instances of illegal withdrawal of 200 billion tenge from the UAPF (Unified Accumulative Pension Fund) for fake dental services were established.
In the interests of citizens, the AFM initiated 23 investigations into illegal micro-lending with damages of 71 billion tenge. Work is ongoing to recover and write off debts of over 300,000 borrowers.
45 financial pyramids involving more than 112,000 citizens were dismantled, and 31,500 fraudulent websites and gambling resources were blocked.
Following the meeting, the Head of State gave Zhanat Elimanov a number of instructions on key areas of the agency's activities.