Astana Financial Services Authority (AFSA) hereby informs AIFC Participants that 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 will also extend to AIFC Participants. AFSA identified around 50 new norms which will extend to AIFC Participants subject to AML supervision […]
On May 21, 2020, AFSA approved the Guidance (Requirements) applicable to the Rules of Internal Control for the AML/CFT purposes. It is designed for the relevant AIFC Participants supervised by AFSA in consultation with the Ministry of Finance of the Republic of Kazakhstan (the “Guidance”). This Guidance is developed in accordance with: paragraph 3-2 of […]
Astana Financial Services Authority (AFSA) and Bulgarian Financial Supervision Commission (FSC) have signed the Memorandum on cooperation in financial markets supervision. The parties will exchange supervisory information and expand cooperation in the field of capital markets and insurance supervision. This will enable framework conditions for the development of the financial services between two jurisdictions. The […]
Astana Financial Services Authority (AFSA), National Bank of the Republic of Kazakhstan (NBK) and Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan (ARDFM) have signed the tripartite Agreement on cooperation. Astana Financial Services Authority (AFSA), National Bank of the Republic of Kazakhstan (NBK) and Agency for Regulation and Development of […]
Regulation plays a critical role in creating an enabling environment for financial service providers whilst ensuring the interest of clients are protected for financial products like insurance business. In recognizing the importance of effective regulation and supervision to develop sustainable insurance markets in the AIFC, the Astana Financial Services Authority (AFSA) held an online-workshop for […]
AFSA as a supervisory authority is committed to maintaining a regime that acts as a significant deterrent to any criminal elements, including money launderers and persons wishing to assist, in any way, acts of terrorism. The AFSA administers and enforces AIFC legislation on countering anti-money laundering (AML) and counter-terrorism financing (CFT). In this connection AFSA […]
AFSA, the regulator of the Astana International Financial Centre, introduced a number of targeted measures to support AIFC participants, ensure market integrity and financial stability. These measures are designed to alleviate the negative impact on regulated firms due to the exceptional circumstances caused by COVID-19. The regulator has revised plans for the submission of mandatory […]
During this challenging period of COVID-19 pandemic, the Astana Financial Services Authority (AFSA) remains focused on its regulatory objectives to foster financial stability, promote market integrity, protect consumers and support financial markets in the AIFC. AFSA is closely working with the regulated community to assess financial and economic impacts of the pandemic on operations of […]
3 April 2020 – Astana Financial Services Authority in collaboration with the AIFC Academy of Law held a second webinar for law and consulting firms on different aspects of registration and authorization processes. In view of health and safety considerations in these challenging times the AFSA held the training in the format of a webinar. Over […]