News

AFSA

03 August 2022 00:00

Organisation for Economic Co-operation and Development recognises that the tax regime of the Astana International Financial Center complies with global standards of tax transparency

The Organisation for Economic Co-operation and Development (OECD) has released a report declaring that the Astana International Financial Centre (AIFC s) tax regime is compliant with global standards of tax transparency. This recognition is an important

AFSA

29 July 2022 00:00

Warning concerning Representative Office of HITBEAT MUSIC INC. in the AIFC

The Astana Financial Services Authority ( AFSA ) informs that Representative Office of HITBEAT MUSIC INC. in the AIFC ( Hitbeat Music ), registered in the Astana International Financial Centre (the AIFC ), continues to release information in the public

AFSA

22 July 2022 00:00

The Astana Financial Services Authority expresses its sincere condolences to Dr Iain Saville's family

Dr Iain Saville was a member of the Board of Directors of the AFSA from April 2017 till December 2021. His exceptional performance in this service was invaluable. He was with the AFSA from its establishment as the financial regulator of the Astana

AFSA

14 July 2022 00:00

AFSA issues Consultation paper on proposed amendments to the AIFC Banking Business Framework. Deadline for providing comments is 8 August 2022.

The Astana Financial Services Authority (AFSA) has issued the Consultation Paper № AFSA-P-CE-2022-0004 to seek suggestions on the proposed amendments to the AIFC Banking Business Framework. The proposals in the consultation paper will be of interest to

AFSA

14 July 2022 00:00

The law signed by the President of RK provides new opportunities for companies participating in the AIFC

President of the Republic of Kazakhstan Kassym-Jomart Tokayev signed the Law of the Republic of Kazakhstan "On amendments and additions to certain legislative acts of the Republic of Kazakhstan on the regulation and development of the insurance and the

AFSA

01 July 2022 00:00

AFSA has changed requirements for obtaining license to carry on legal services

Amendments to the AIFC General Rules regarding requirements for obtaining a license to carry on legal services come into effect as of 1 July 2022. In addition, new concepts of Legal Adviser and AIFC Legal Services Board were introduced to the

AFSA

29 June 2022 00:00

Official launch of pilot project on interaction of Kazakhstan banks and crypto exchanges registered in AIFC took place within Astana Finance Days

В официальной церемонии запуска пилотного проекта приняли участие представители Национального банка РК, Агентства по финансовому

AFSA

28 June 2022 00:00

Speakers at Astana Finance Days discussed the role of regulators in stimulating regional cooperation

Panel session Development of Financial Services in Central Asia has taken place at the annual financial conference Astana Finance Days 2022. The session speakers shared views on how joint efforts can make Central Asia more attractive to investors and

AFSA

28 June 2022 00:00

The rise of the digital asset industry was discussed at Astana Finance Days

A panel session Rise of Digital Assets: New Opportunities, Risks and Regulation has taken place within the Regulatory Landscape Forum at Astana Finance Days 2022. The panel session s speakers included non-executive independent member of the Board of

AFSA

28 June 2022 00:00

Experts discussed the role of anti-money laundering in the accelerated growth of the financial industry at Astana Finance Days 2022

The session Anti-Money Laundering: Challenges and Benefits for the Accelerated Growth of the Financial Industry has taken place as part of Astana Finance Days 2022. The panel session was organised by the AIFC Financial Services Authority (AFSA).

AFSA

14 June 2022 00:00

AFSA suspends the Licence of Sanity Capital Ltd following its failure to meet ongoing fitness and propriety requirements of the AFSA

The Astana Financial Services Authority (AFSA) has suspended the Licence of Sanity Capital Ltd after the firm had breached regulatory requirements in relation to the AFSA s capital and liquidity requirements. Sanity Capital Ltd also failed to ensure that

AFSA

14 June 2022 00:00

AFSA participates in Islamic Development Bank Group (IsDB) 2022 Annual Meetings

The delegation of the Astana International Financial Centre (AIFC), headed by acting IsDB Governor for Kazakhstan and Chief Executive Officer of the Astana Financial Services Authority (AFSA) Nurkhat Kushimov, has participated in the Islamic Development

AFSA

07 June 2022 00:00

AFSA has held second Regulatory Townhall meeting

The Astana Financial Services Authority has held the 2nd Regulatory Townhall in Nur-Sultan in an online format. A number of topics were on the agenda of the Townhall. Among them are:The enhancements to the Recognition and Market Frameworks;Policy

AFSA

01 May 2022 11:35

Astana Financial Services Authority introduces fees for supervision, late filings and change of key individuals in firms, effective 1 May 2022

On 1 May 2022 the AFSA introduced fees for participants for supervision, late filings and for when firms change key individuals. These changes are stipulated in the AIFC Fees Rules and are introduced following a four-year grace period in order to allow

AFSA

18 April 2022 09:36

AFSA issues Consultation paper on Proposed Regulatory Guidance on Fitness and Propriety. Deadline for providing comments is 14 May 2022

The Astana Financial Services Authority (AFSA) has issued the Consultation Paper № AFSA-P-CE-2022-0002 to seek suggestions on the proposed Regulatory Guidance on Fitness and Propriety. According to the proposed guidance, the fitness and propriety