Astana Financial Services Authority announces Digital Resident portal has been updated for online applications for registration. AFSA Office of the Registrar of Companies currently receives only online applications for registration. To submit an application, please tap the link and follow the instructions below:Step 1. Open the link Step 2. Login or create your accountStep 3. […]
Astana Financial Services Authority (AFSA) has conducted a webinar for authorised persons concerning recent amendments to Kazakhstan’s anti-money laundering (AML) and counter terrorist financing (CTF) law. The webinar was attended by regulated firms who are subject to anti-money laundering supervision. About 50 participants attended the session, including from Authorised Firms, Authorised Market Institutions and FinTech […]
On 1 July 2020 Astana Financial Services Authority (AFSA) held a webinar for Designated Non-Financial Business and Professions (DNFBPs) on different aspects of the amendments to Kazakhstan’s anti-money laundering (AML) and counter-terrorist financing (CTF) law signed by the President of Kazakhstan on 13 May 2020. Over 16 participants from 13 DNBFPs attended the session. The […]
Astana Financial Services Authority (AFSA) has introduced a series of amendments to AIFC Acts (AIFC Market Rules, AIFC Prudential Rules for Investment Firms and AIFC Glossary) in order to enhance AIFC capital markets and market institutions framework. These amendments come as part of the AIFC strategy to develop the capital market segment of the Financial […]
Astana International Financial Centre (AIFC) informs this week that the Astana Financial Services Authority (AFSA) registers the 500th firm in the AIFC. AIFC has rapidly grown over the last years and became home for firms from more than 42 countries. Including Kazakhstan, United Kingdom, USA, China, Russia, Estonia, Latvia, Italy, Finland, China, South Korea, Singapore, […]
Astana Financial Services Authority (AFSA) has simplified supervisory requirements for Authorised Firms carrying on Regulated Activity of Operating a Representative Office. The liberalisation of the supervisory measures for the Representative Office relate to the waiver of the following requirements: (1) residency requirement for a Principal Representative; (2) mandatory appointments of Approved and Designated Individuals; (3) […]
Astana Financial Services Authority (AFSA) has adopted a Guide on Authorisation process and a Guide on setting up an investment fund in the AIFC. Both documents were developed to enhance understanding of applicants on the matters AFSA takes into consideration when assessing applications for authorisation of firms and establishing Fund Manager and Funds in the […]
Astana Financial Services Authority (AFSA) has established minimum threshold requirements concerning anti-money laundering (AML) trainings undertaken by relevant AIFC participants. AFSA considers the trainings as important tools for building necessary capacity of AIFC Participant to comply with AIFC AML Rules. New requirements relate to the AML training certification and recommends the List of recognised organisations […]
Astana Financial Services Authority (AFSA) has simplified procedures for obtaining a licence for certain types of regulated activities. This reflects AFSA’s general approach to constantly evolve regulatory environment towards business-friendly principles and risk-based supervision. Application process has been simplified in relation to six regulated activities: (1) advising on investments, (2) arranging deals in investments, (3) […]