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Shinhan Bank Kazakhstan JSC

Currency Control

The Bank performs the functions of a currency control agent for client operations.

The regulatory framework for currency operations in Kazakhstan derives from the Constitution and the Law “On Currency Regulation and Currency Control” (No. 167-VI dated 02.07.2018), supplemented by:

  • Rules for Conducting Currency Transactions in the Republic of Kazakhstan No. 40 dated 30 March 2019
  • Rules for Export-Import Currency Control in the Republic of Kazakhstan No. 78 dated 29 September 2023
  • Rules for Monitoring Currency Transactions in the Republic of Kazakhstan No. 64 dated 10 April 2019
  • Rules for Currency Regulation and Submission of Information on Currency Transactions in the AIFC No. 6 dated 10 November 2021

Shinhan Bank Kazakhstan JSC performs the functions of a currency control agent and monitors compliance with the requirements of the currency legislation of the Republic of Kazakhstan during operations. Services: consulting on foreign trade contracts compliant with currency legislation; recommendations on international settlement forms; advisory support on currency legislation throughout transaction stages.