Bank can block a client's account if taxes are not paid in Kazakhstan
Astana. January 19. KazTAG - A bank can block a client's account if taxes are not paid in Kazakhstan, said the Agency for Regulation and Development of the Financial Market.
"According to Article 27 of the Law "On Payments ", restrictions may be imposed on the client's bank account on the conduct of expenditure transactions on the basis of orders from authorized government agencies or officials (non-payment of taxes, conducting investigations, suspicions of fraudulent transactions)," said the report.
A bank's client may not receive money from his bank account due to judicial acts and orders of bailiffs sanctioned by the prosecutor, as well as based on information from the Financial Monitoring Committee.
The issuing bank can block a payment card if its owner reported the loss, theft or unauthorized use, or if the holder does not fulfil the agreement on the issue of the payment card.
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