Banks in Kazakhstan to Begin Blocking “Drop” Accounts Starting July 21

According to a resolution issued by the Agency for Regulation and Development of the Financial Market, banks are now required to implement automated systems to detect individuals who allow their bank accounts to be used for fraudulent activity.

What Changes on July 21

The new rules come into effect ten calendar days after the official publication of Resolution No. 24, dated June 25, 2025. Starting from that date:

• Banks will begin using data from the National Bank’s anti-fraud center to identify suspicious clients.
• Access to online banking services may be restricted if suspicious behavior is detected.
• Instances where the same phone or device is used by multiple clients to log in to mobile banking will be monitored.

How the System Will Work

Financial institutions will gain access to a centralized monitoring system. This system will compare client behavior against typical activity patterns. If irregularities are detected, the system will automatically restrict transactions until further investigation is completed.

Purpose of the New Measures

The primary goal is to enhance the security of financial transactions. Regulators emphasize that these measures are not intended to restrict the rights of law-abiding clients, but rather to combat fraud.

Legal Framework

The resolution has been officially registered and published on the Agency’s website. Relevant departments are responsible for overseeing implementation and reporting on progress.

Summary of Resolution No. 24

Oversight of implementation has been assigned to the Deputy Chair of the Agency.