The Aktau prosecutor's office has appealed the decision to dismiss the administrative case against a company that transferred $1.8 million out of Kazakhstan in violation of currency legislation requirements.
According to the press service of the department, after reviewing the petition, the judicial panel of the regional court overturned the earlier decision and found the company guilty of committing an administrative offence.
As a result, the court imposed a fine of 153 million tenge on the company for "untimely repatriation of foreign currency earnings". The ruling has come into force.
It is worth recalling that, as part of tightening currency controls in Kazakhstan, the National Bank introduced a number of changes to the rules for conducting currency transactions from the beginning of 2025:
- For legal entities: When purchasing non-cash foreign currency amounting to over $50,000 within one business day, a currency agreement and the purpose of the purchase must be provided. If part of the purchased currency is not used within 10 days, it must be sold back.
- For individuals: All outgoing payments and incoming transfers equal to or exceeding $10,000 are subject to the mandatory provision of documents confirming the legality of the transaction.
- For non-residents: When making a non-cash purchase of foreign currency for tenge amounting to over $50,000 equivalent, documents confirming the source of the tenge funds must be provided.
These measures are aimed at preventing the illegal outflow of capital and strengthening control over currency transactions in the country.