Посты с тэгом: AFSA

The Astana Financial Services Authority (AFSA), in collaboration with national regulatory authorities, is pleased to announce the formulation of comprehensive rules that enhance the interaction between a broader range of licensed entities within the Astana International Financial Centre (AIFC) and the commercial banks of Kazakhstan. This initiative marks a significant expansion from the initial Pilot Project, which was primarily focused on facilitating access for AIFC-licensed Digital Asset exchanges to Kazakhstani commercial banks.

The newly established rules extend their reach to encompass a wider array of Digital Asset Service Providers. This includes digital asset brokerage firms, asset and fund managers, as well as advisers, thereby amplifying the scope of entities that may engage with commercial banks in Kazakhstan. The uniqueness of the Rules is that they apply to the commercial banks within the nation.

These rules have been meticulously crafted in accordance with paragraph 6 of Article 11 of the Law of the Republic of Kazakhstan “On Digital Assets in the Republic of Kazakhstan,” underscoring a collaborative effort with national regulators. AFSA anticipates that these rules will usher in a more transparent and stable regulatory landscape, benefiting all participants within the digital asset ecosystem in both the AIFC and Kazakhstan at large.

This development is a direct outcome of the successful execution of the Pilot Project, which facilitated the integration of fiat channels for Digital Asset exchanges through Kazakhstani commercial banks. To date, the transaction volume of the Pilot Project is around US$200 million. The formulation of these new rules draws upon the invaluable supervisory insights gained during the Pilot Project and aligns with the pertinent stipulations of the Law on Digital Assets in the Republic of Kazakhstan.

These rules are a critical enhancement to the existing Digital Asset Activities Rulebook and the Guidance for AIFC Banks in their interactions with Digital Asset Service Providers, previously established by AFSA.

The implementation of these new rules will commence from 1 January 2024, marking a new era in the digital asset sector within Kazakhstan and the AIFC.

Commenting on this, AFSA Chief Executive Officer Nurkhat Kushimov said: “The Rules are a testament to joint work of AFSA, the National Bank of Kazakhstan and Agency for Regulation and Development of Financial Market. It once again demonstrates our aligned approach to the development of the digital asset industry in Kazakhstan. Our key expectation – making the AIFC more attractive to the global financial institutions”.

Managing Director and Chief FinTech Officer Yerkegali Yedenbayev: “The Pilot Project was a milestone achievement enabling AIFC Participants to work with the national banking infrastructure. The insights that we have obtained were used to inform the main concepts of the new Rules. It will give an additional boost to the digital asset industry in the AIFC.”

Reference: 

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Around 2,400 firms from 78 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

The Astana Financial Services Authority (AFSA) has introduced its first comprehensive Stablecoin Framework, to take effect from 1 January 2024. It is a pivotal addition to the AIFC Rules on Digital Asset Activities. This framework is developed to ensure the robustness and stability of the digital asset landscape within the AIFC jurisdiction.

Within the Framework, AFSA allows the issuance of only fiat stablecoins backed by a single currency. It includes a Group of Ten currencies (Australian Dollar, British Pound Sterling, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Norwegian Krone, Swedish Krona, Swiss Franc and United States Dollar), RMB (Chinese Yuan) and any other currency agreed with AFSA. The framework encompasses critical aspects such as reference currencies, capital requirements, redemption rights, composition of reserve assets, and disclosure requirements.

The Stablecoin Framework has been developed in accordance with the recommendations of standard-setting bodies, including the Financial Stability Board, International Organization of Securities Commissions, Basel Committee on Banking Supervision, Committee on Payments and Markets Infrastructures, Financial Action Task Force, and Bank for International Settlements.

Moreover, the framework was developed considering best practices of leading regulatory bodies and feedback of current and potential participants gathered during public and targeted consultation periods.

The uses of stablecoins within the Digital Asset ecosystem have multiplied in recent years. As of June 2023, the total market capitalisation of stablecoins across all categories stands at $127.59 billion. Among the various types of stablecoins, fiat stablecoins remain dominant, with a market capitalisation of $119.79 billion. They account for the majority of the market share in terms of both market capitalisation and trading volume. Regarding the crypto exchanges in the AIFC sandbox, the trading volume of stablecoins constitutes the majority of overall trading of Digital Assets.

A key feature of a stablecoin is that it purports to have less volatility than other Digital Assets, allowing it to operate as a transfer of value within the Digital Asset ecosystem.  However, recent history, particularly the collapse of the largest algorithmic stablecoin in May 2022, has shown that stablecoins also present risks that require adequate systems and controls. Therefore, the introduction of the Stablecoin Framework is a significant step in fostering a secure and transparent digital asset environment within the AIFC. By aligning with global standards and considering the best practices of leading regulatory bodies, AFSA re-affirms its commitment to providing a conducive ecosystem for innovation and growth in the digital asset space.

Reference: 

Financial Stability Board (“FSB”) defines stablecoin as “a crypto asset that aims to maintain a stable value relative to a specified asset, or a pool or basket of assets”.

According to the enhancements made to the AIFC Glossary:

a Fiat stablecoin is a Digital Asset whose value purports to be determined by reference to a Fiat Currency or a basket of Fiat Currencies.

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 2,300 firms from 78 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centres of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

AFSA has developed the AIFC Security Token Offering Framework (the “STO framework”) to introduce a comprehensive regulatory regime that governs the issuance and trading of Security Tokens within the Astana International Financial Centre (AIFC). This further secures AFSA’s position at the frontier of the industry as it is one of the first regulators in the world to have adopted such a framework.

The STO framework aims to provide clarity, legal certainty, and investor protection in the field of Security Token offerings, fostering a secure and well-regulated environment for businesses and investors.

The STO framework is a natural follow-up product resulting from AFSA’s FinTech Lab experience where firms test their innovative ideas, including those involving security tokens.

Additionally, this framework seeks to align with international best practices and standards, enhancing the AIFC’s credibility as a global financial hub and promoting innovation in the digital space while mitigating associated risks.

The STOs market is fast developing and presents profound opportunities. The global listed trading volume of security tokens is expected to grow to $162.7 tn by 2030, with a total security token issuance worth more than $4 tn in the same period.[1]

AFSA Managing Director and Chief Legal Officer Ishaq Burney: “AFSA’s framework offers options to issuers and investors to issue and trade regulated distributed ledger technology securities, in accordance with international regulatory standards. STOs create opportunities for increased liquidity and efficient pricing, harnessing blockchain technology to enhance transparency, real time access to trading information.”

AFSA Managing Director and Chief FinTech Officer Yerkegali Yedenbayev: “Since STOs are based on blockchain technology, they help make transactions faster and reduce administrative costs, making it a cost-effective way to raise capital for Kazakhstan’s businesses, which have traditionally faced challenges in raising capital. For example, a few years ago within the regulatory sandbox one of AIFC’s security token exchanges successfully raised €6.75 million in just 9 seconds. Clearly, a well-regulated environment for new finance technologies such as STOs and others presents enormous potential for investors and businesses.”

The STO framework has been developed by introducing the following amendments to the AIFC Financial Services Framework Regulations, AIFC Market Rules, AIFC Authorised Market Institution Rules, AIFC Conduct of Business Rules, AIFC Collective Investment Scheme Rules and AIFC Glossary are published on the AIFC website and will come into force on 1 January 2024.

Reference: 

Security Token is a digital representation of a Security or Unit, that is issued, transferred and stored using Distributed Ledger Technology or other similar technology approved by AFSA.

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 2,300 firms from 78 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

[1] https://shorturl.at/bdiG0

Entities applying to obtain a License to carry on the Market Activities of “Operating a Loan Crowdfunding Platform” and “Operating an Investment Crowdfunding Platform” (Crowdfunding activities) will be subject to the full regulatory regime and approach AFSA Authorisations rather than AFSA FinTech Lab as per Notice № AFSA-F-NB-2023-0012 issued on 20 December 2023, with immediate effect.

AFSA FinTech Lab Participants that previously obtained licenses for Crowdfunding activities have been successfully testing their projects within the environment of AFSA’s FinTech Lab for several years now.

Overall, FinTechLab has granted 10 licenses for crowdfunding activities throughout the operation of the regulatory sandbox. Currently, there are four platforms that test their business models in Fintech Lab.

Throughout this time crowdfunding firms have demonstrated their status as well-established business models in the AIFC’s financial services industry.  Following this testing period in the Fintech Lab environment, AFSA has adopted a comprehensive regulatory framework for Crowdfunding activities. It is noteworthy that by the end of the third quarter of 2023, crowdfunding platforms in AIFC financed over 300 projects worth around 35 million USD.

Crowdfunding-backed projects are found in diverse sectors, including IT, construction, wholesale and retail trade, agriculture, services, manufacturing, and engineering. This broad interest underscores the vital role that crowdfunding plays in economic development, fund re-distribution, and SME financing.

Legal clarity under the existing regulatory regime allows for application for crowdfunding activity without testing under the limited FintechLab environment. Therefore, recently AFSA reviewed cases of both smooth graduation of sandbox residents to full authorisation regime and the “onboarding” of crowdfunding platform directly to the full-scale regulatory regime. 

Reference: 

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 2,300 firms from 78 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

The amendments take effect from 1 January 2024 and mainly include amendments to supervision fees and fees payable to the Registrar of Companies and provide greater clarity on the application of the fees.

New fees have been introduced with regards to the development and enactment of several frameworks from 2024 onwards. They include the Digital Assets Service Providers (DASP), the Digital Assets Trading Facility (DATF), the Stablecoins and the Security Token Offering (STO) Frameworks. The annual supervision fee for the DATF Operators, which have been working within the FinTech Lab regime only, has therefore been revised by decreasing the fixed fee and introducing a variable component proportionate to market performance.

The changes have affected FinTech Lab Participants, which will be required to start paying the full supervision fee in case of extending their FinTech licence beyond two years of its issuance.  AIFC Rules provide for the issuance of a FinTech Lab licence for two years.

The annual supervision fee for the Market Activity of Operating a Clearing House now covers the clearing value component. Also, relevant adjustments have been made to the annual recognition for a Recognised Non-AIFC Clearing House Operator accordingly.

Other amendments include changes on application fee of licence modification, providing clarifications on calculating supervision fees, additional application and supervision fees payable to AFSA and the Registrar of Companies as well as other technical revisions.

In 2022, AFSA commenced to charge supervision fees for Regulated, Market and FinTech Lab Activities in the AIFC. Over the course of 2023, AFSA has received various comments and queries regarding the application of fees in the AIFC, which have highlighted the need of amending certain parts of fees and greater clarity in the calculation of fees.

AFSA Chief Executive Officer Nurkhat Kushimov: “The amendments are a result of two public consultations with the industry and extensive coordination work with our participants. Our objective is to have an approach that would be proportionate to various firms wishing to test out new business models and solutions while remaining committed to the highest regulatory standards. As such, the new amendments reflect continued development of the regulatory ecosystem at AIFC, its more complex and refined approaches.”

The full package of changes to the AIFC Fees Rules may be found via the link.

The amendments will be effective from 1 January 2024.

Reference: 

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 2,300 firms from 78 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

In a significant move towards fostering sustainable and responsible investment practices, AFSA has amended the AIFC Collective Investment Scheme Rules to introduce an Environmental, Social, and Governance (ESG) Fund as a new type of Specialist Fund.

This initiative reflects AFSA’s commitment to align with global best practices, meeting stakeholder expectations, and addressing the evolving landscape of responsible investing. Obtaining the status of an ESG Fund holds significant importance since it enables investors to support companies that prioritise sustainability and responsible practices and offers potential financial benefits and risk mitigation.

AFSA Chief Executive Officer Nurkhat Kushimov: “More expanded opportunities for funds in the area of ESG mean an additional path towards a decarbonised world and specifically Kazakhstan’s targets to achieve carbon neutrality. Regulations that enable this process are an important prerequisite to build the necessary groundwork for this to happen.”

Amendments to the AIFC Collective Investment Scheme Rules and consequential amendments to the AIFC Glossary are published on the AIFC website and will come into force on 1 January 2024.

Reference: 

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 2,300 firms from 78 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

The amendments to the Practical Guidance provide explanations on the existing Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) requirements on AML audit imposed by AIFC AML/CTF and Sanctions Rules (“Rules”) and do not introduce any additional new requirements.

The amendments to the Guidance help AIFC Participants improve their understanding of how to conduct an independent AML audit, provide guidelines on the profile of a proper AML auditor, and serve as a useful tool for AML auditors on how to comply with existing AFSA requirements and recommendations.

The amendments concerning the AML audit are annexed to the Practical Guidance to AIFC AML Framework as Annex 7 and titled as the Guidance on AML Audit. The full Practical Guidance (with amendments) is available via this link.

This Guidance on AML Audit also provides explanations on the general goals of AML audit and describes the main actions and steps preceding the audit event. It also provides practical assistance to the AIFC Participants in researching for the competitive auditor, recommendations for interactions with AML auditor and important notes that should be considered by the Participants to meet the relevant AML/CFT regulatory requirements.

AFSA Chief Executive Officer Nurkhat Kushimov: “Continuous and well-structured work in AML and CTF helps protect business operations and the economy. Recent FATF/EAG evaluation result for Kazakhstan and AIFC has shown that Kazakhstan is compliant with most FATF recommendations. What is important to emphasise is that progress in this area depends on both the regulator’s work and the firms’ informed efforts to maintain and enhance their respective AML/CTF controls. This is exactly what the Guidance is designed to do.”

Reference: 

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 2,300 firms from 78 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

Assets under Management (AUM) at AIFC grew 52% in Q3 of 2023 since Q1 of the same year, reaching an all-time high of $1 bln encompassing both asset and fund managers. This constitutes an almost two-fold increase against the same period last year. The overall number of funds increased from 20 to 37 in the same period.

As of the Q3 2023, hedge funds in AIFC primarily favour public market instruments and equity securities, as well as the Kazakhstani money market. Venture Funds in AIFC show a preference for investing in Fintech and Edtech startup companies in the Asian region. In Q3 of 2023, one of AIFC’s venture capital-specialised fund managers experienced a 220% increase in subscribed capital compared to Q1 of the same year. The company primarily concentrates on funding startups in the FinTech, HrTech, and EdTech sectors. Instances such as these demonstrate investors’ increased willingness to engage in AIFC’s venture capital activities.

Increasingly more international firms show an interest in having a presence at AIFC as AFSA onboarded its first foreign fund manager, Equilibrium Capital Ltd, a Hungary-based company that is regulated by the Central Bank of Hungary.

Commenting on this continued growth in the asset and fund management at AIFC, the Chief Executive Officer of AFSA Nurkhat Kushimov said, “The latest figures show our long-term commitment to make AIFC the “go-to” place for fund managers that strive to do business efficiently and responsibly. These developments are the result of a strategic vision and consistent steps to make that vision a reality. For example, we have just finished public consultations to include ESG funds as a separate type of Specialist Funds within our fund management sector. We expect it to be enacted early next year. This is just one of many ongoing initiatives to make the fund management ecosystem at AIFC more comfortable for business.”

Reference: 

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 2,300 firms from 78 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]

The Astana Financial Services Authority (AFSA) and Magyar Nemzeti Bank (MNB) have signed a Memorandum of Understanding (MoU) on 24 November 2023 on the margins of the Budapest Eurasia Forum.

This significant accord marks intention of both regulators to enhance partnership aimed at fostering cross-border cooperation in financial sector, regular contacts at senior level, and exchange of information on financial markets. Both parties are committed to maintaining high standards of regulatory oversight and fostering a resilient and dynamic financial ecosystem.

Mr. Nurkhat Kushimov, Chief Executive Officer of AFSA, commented: “This agreement with Magyar Nemzeti Bank is a significant step forward in strengthening our ties and forging strategic partnership between AFSA and MNB. We aim to create an environment that supports innovation, enhances regulatory efficiency, and ensures the stability and integrity of our respective financial markets.”

The signing of the MoU was preceded by the joint information session of AFSA and BAMOSZ, Association of Hungarian Fund and Asset Management Companies, one day preceding the Forum. The event was attended by 12 asset management firms of Hungary.

Reference: 

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.

Over 2,200 firms from 78 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ 

Contact information:

Public Relations and Communications Division of AFSA:

+7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]