Deterring and detecting bribery in export credits in Kazakhstan

This chapter examines the measures that the Republic of Kazakhstan has established to combat bribery when providing government-backed support to exporters. The chapter describes the key policies and procedures that Export Credit Agencies (ECA) from OECD countries have put in place to implement the 2006 OECD Council Recommendation on Bribery and Officially Supported Export Credits and the related measures applied by Kazakhstan’s two ECA: KazExportGarant Export Credit Insurance Corporation JSC and the Kazakhstan Development Bank. This chapter deals with the two ECAs’ actions for deterring bribery, the information required from customers to help detect bribery, enhanced due diligence that might need to be undertaken in specific circumstances, and the appropriate actions to be taken when there is credible or proven evidence of bribery.