News

AFSA

27 January 2023 08:16

AFSA levies fine on KBI Partners Limited for contravention of AIFC Rules

The Astana Financial Services Authority ( AFSA ) has taken enforcement action ( Action ) against KBI Partners Limited, a private company registered in the AIFC, for contravention of Section 24 of the AIFC Financial Services Framework Regulations ( FSFR )

AFSA

17 January 2023 08:38

Astana Financial Services Authority summarises 2022 results

2022 has been a productive year in the Astana Financial Services Authority s (AFSA s) work, which was reflected in the following:Over 500 companies were registered by AFSA.20 companies received a licence to carry on financial and market activities.

AFSA

06 January 2023 00:00

AFSA continues its work on amending the legal framework to achieve greater adherence to international standards and efficiency

Starting January 1, 2023, two framework amendments commenced in the AIFC:AML/CTF Framework Amendmentsfees Framework Amendments.All relevant AIFC participants shall get familiar with the amended frameworks. All respective proposals were

AFSA

24 November 2022 07:46

AIFC hosts annual high-level meeting on cooperation among Central Asia’s financial regulators

The Astana International Financial Centre (AIFC) has hosted a high-level meeting involving financial regulators of the AIFC, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. The event involved 40 participants, including representatives of

AFSA

14 November 2022 07:52

AFSA suspends the Licence of GB Finance Ltd.

The Astana Financial Services Authority ( AFSA ) has suspended the Licence of GB Finance Ltd. after the firm had breached multiple AIFC Rules that are critical for companies to be able to carry on regulated activities.In particular, the company has

AFSA

10 October 2022 00:00

AFSA’s World Investor Week “Sustaining Resilience Investing” reaches 5,000 participants with messages of financial literacy

Astana Financial Services Authority (AFSA) has closed World Investor Week (WIW) themed Sustaining Resilience Investing by engaging around 5,000 participants from 20 countries and holding 30 events featuring over 100 speakers. A series of forums,

AFSA

03 October 2022 00:00

AFSA hosts World Investor Week themed “Sustaining Resilience Investing”

3-7 October 2022 Astana Financial Services Authority (AFSA) is hosting its fifth annual World Investor Week (WIW) themed Sustaining Resilience Investing . Thematically, the event is devoted to raising awareness on investor resilience, investor education

AFSA

29 September 2022 00:00

AFSA suspends the License of GB Insurance Ltd

The Astana Financial Services Authority (the AFSA ) has suspended the License of GB Insurance Ltd with immediate effect after the Firm had failed to satisfy the pre-conditions on which its conditional license from the AFSA had been granted.In

AFSA

20 September 2022 00:00

AFSA participates in annual Budapest Eurasian Forum

19-20 September 2022, Budapest (Hungary) hosted the Annual Budapest Eurasian Forum, which is an international project of the Central Bank of Hungary. The event is held annually with the involvement of 15 thousand participants, including top executives of

AFSA

13 September 2022 00:00

AIFC committed to world standards in combating money laundering, the financing of terrorism

A meeting of the Inter-departmental Working Group on the issues of mutual evaluation of the national system for anti-money laundering and combatting the financing of terrorism (AML/CFT) of the Republic of Kazakhstan has taken place today. The meeting

AFSA

31 August 2022 08:19

International Swaps and Derivatives Association publishes an Informal Country Update, marking first step towards recognition of AIFC as “netting-friendly jurisdiction”

The International Swaps and Derivatives Association (ISDA) has published an Informal Country Update on the enforceability of close-out netting under the Acting Law of the Astana International Financial Centre (AIFC) issued by international law firm,

AFSA

15 August 2022 00:00

Binance obtains In-Principle Approval from AFSA to operate a Digital Asset Trading Facility and Provide Custody in the Astana International Financial Centre

Binance, the world s largest crypto exchange, has received its In-Principal Approval from the Astana Financial Services Authority (AFSA) to operate a Digital Asset Trading Facility and Provide Custody in the Astana International Financial Centre (AIFC).

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