Guest lecture of Lilia Khamzina


The idea of compliance originated in the 1970s and 1980s when the US was hit by a series of scandals related to the widespread practice of bribery of politicians and government officials by companies. These events led to the US passing the Extraterritorial Foreign Corrupt Practices Act (FCPA) in 1977, which for the first time prohibited corporations from bribing foreign officials. New corporate scandals and collapses have intensified calls for tougher requirements, especially for public companies. The most significant legislative change in this area was the Sarbanes-Oxley Act of 2002, which had a significant impact on increasing the personal responsibility of senior corporate executives for the integrity of financial reporting. Since then, increased regulation in both the US and Europe has obliged senior management to pay more attention to compliance and ethical behaviour and to strengthen internal compliance departments.
In post-Soviet countries, the implementation of compliance management is proceeding at a modest pace. Nevertheless, Kazakhstan has had some success in this area. What difficulties and peculiarities our neighboring country encountered was told for the listeners of the academic anti-corruption certified program by the guest lecturer Lilia Khamzina, member of the Association of Certified Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), UNODC expert in AML/CFT programs in Central Asian countries.
We express our great appreciation for the interesting lecture and the opportunity to learn more about Kazakhstan’s experience in implementing compliance.
The academic anti-corruption certification programme is implemented in cooperation with the Academy of Public Administration under the President of the Kyrgyz Republic with the financial support of the Soros Foundation-Kyrgyzstan.