"Money laundering" in Kazakhstan: Anticor shares initial results of the project.
As highlighted by the Anti-Corruption Agency, the "money coloring" project is being implemented on the "digital tenge" platform and aims to minimize corruption risks in the expenditure of funds.
"It allows for tracking the use of budget funds at all stages — from allocation to complete utilization. Each tenge receives a unique digital tag, which eliminates the possibility of embezzlement and promotes the rational use of the budget," the agency explained.
On December 19, the Anti-Corruption Agency held an interdepartmental meeting to discuss the implementation of the project.
It was noted that the project has already been implemented in strategically important sectors such as agriculture, and the construction of roads and railways. Specifically, the project is being tested:
"A crucial component for the further successful operation of the mechanism is the full integration with the information systems being implemented by government agencies , which will significantly enhance control over the actual use of budget funds in these sectors," emphasized the Anti-Corruption Agency.
During the discussion at the meeting, government agencies were recommended to continue working in these areas, ensuring a thorough assessment of risks and adherence to the interests of the business community. Additionally, proposals were made to expand and scale the project to other sectors.
As a reminder, in February of this year, President Kassym-Jomart Tokayev, while addressing corruption in the construction sector, proposed "coloring" money.
"This is extremely important, as the misappropriation of funds reduces the quality of construction and incurs additional budget expenses. The ability to mark and track, or so-called 'coloring,' money using digital tenge could be key to controlling budget expenditures," the head of state stated at that time.
In March, it was reported that the Anti-Corruption Agency launched pilot projects for "money coloring" in several regions.