AIFC AML/CTF Legal Regime

AIFC AML/CTF Legal Regime

Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Rules.

AFSA’s AML/CTF Requirements

The AML Module of the AFSA Rulebook contains all of the AFSA requirements on Anti-Money Laundering, Counter-Terrorist Financing, and relevant sanctions in one place.

The AML module is designed to provide a single reference point for all persons and entities (collectively called Relevant Persons) who are supervised by t AFSA for Anti-Money Laundering, Counter-Terrorist Financing and sanctions compliance under the regimes referred to above.

It is important for Relevant Persons to familiarise themselves with the AML Module and assess the extent to which the Rules apply to them, and on a continuing basis.

Practical Guidance to AIFC Anti-Money Laundering and Counter-Terrorist Financing Framework

Reporting of Suspicious Transactions Reports (STRs) and/or Threshold Transactions Reports (TTRs) to the Financial Intelligence Unit of the Republic of Kazakhstan (the "FIU”) by the AIFC Relevant Persons.  

AFSA Annual AML return

According to the Section 13.7 “Reporting” of the AIFC AML Rules, a Relevant Person must complete the AFSA AML Return Form on an annual basis and submit such form to the AFSA within two (2) months after the end of each year.

Information from the AML Return provides the AFSA with important information on the Relevant Persons’ AML systems.  The information also helps us to:

  1. understand the risk of money laundering and financing of terrorism activities in each Relevant Person;
  2. ensure that information we have for our reporting entities is complete, accurate and current; and
  3. determine the best use of our resources in meeting our AML/CTF regulatory objective.  

You can find the Annual AML Return Form here. 

 

 

AIFC AI assistant