Kazakhstan plans to freeze 20,000 money laundering cards and shut down 22 underground cryptocurrency exchange locations by 2025.

According to Odaily Odaily, Kazakh President Tokayev received a briefing from the Financial Supervisory Service (AFM) on its 2025 work plan. The report stated that investigations into 1,135 criminal cases had been completed, 141.5 billion tenge in compensation had been paid to victims, 15 criminal gangs and 29 platforms engaged in illegal cash-out schemes had been dismantled, with transactions exceeding 128 billion tenge. The report also mentioned cracking down on 22 underground cryptocurrency exchanges used for laundering proceeds from drug trafficking and fraud, and the closure of over 1,100 illegal online cryptocurrency trading services and 20,000 bank cards used for money laundering. (Tengrinews)