Majilis of Kazakhstan to postpone examination of the law on bank secrecy

/IRBIS, March 14, 00/ - REUTERS informs, with the reference to the speaker of Majilis Jarmakhan Tyuakbaev, that the Majilis, one of the houses of Kazakhstani parliament, postponed the examination of the draft law on bank secrecy and recommended the government to recall it for further detailed preparation. Previously, the draft law was adopted by the Majilis, but at the approval process of the Senate the government asked the senators to make it easier for fiscal bodies to arrest expense accounts of legal entities by substituting attorney's sanction into written notification, informs the agency. After the Senate's agreement, the draft was sent to the Majilis where some inconsistencies with current law were found such as the case when the money or other property is to be arrested by the officers of the court on the judge's writ. "We suggested to complement this clause "with the sanction of the attorney", however, unfortunately, we have execution papers possessed by the officers of the court that are approved on the judge's writ, and we can not impose sanctions on the judge's writ", said Tyuakbaev. Therefore, he added the draft had to be studied carefully and probably the government should recall it. The law on bank secrecy that means imposing strict measures on disclosure of deposit secrecy was declared by the president Nursultan Nazarbaev as the "urgent" law though it had received negative reactions from customs and tax bodies, and which delays its adoption time. It is said due to discrepancies about the bank secrecy the parliament has little time to adopt the law. And the parliament has to adopt it within a month since the president declared the law as "urgent", unless the president may sign it as a decree with the power of the law. The draft law was sent to the parliament for consideration on February 17 and March 17 is the deadline for the adoption.