Press releases

AFSA

07 June 2023 00:00

Astana Finance Days hosts panel session “The Impact of Economic Sanctions on Financial Centres and the Role of Financial Regulators in Preventing Financial Crime”

The Astana Financial Services Authority has hosted a panel session The Impact of Economic Sanctions on Financial Centres and the Role of Financial Regulators in Preventing Financial Crime. The session involved Deputy CEO and Chief Regulatory Officer of

AFSA

30 May 2023 07:43

Otan Private Bank Ltd has withdrawn its Licence

The Astana Financial Services Authority (the AFSA ) has agreed to the voluntary withdrawal of the Licence of Otan Private Bank Ltd for the Regulated Activities of Accepting Deposits, Providing Credit, Advising on a Credit Facility, Arranging a Credit

AFSA

04 April 2023 06:20

AFSA receives Corporate Registers Forum Innovation Award

The Astana Financial Services Authority (AFSA) has been awarded the Corporate Registers Forum (CRF) 2023 Innovation Award Commendation. AFSA received the award for the project of digitalisation of registration services.Over four years, AFSA has

AFSA

21 February 2023 09:20

AFSA holds a face-to-face meeting with the EAG assessors’ team on the implementation and effectiveness of measures to combat money laundering, terrorist and proliferation financing

Representatives of the Astana Financial Services Authority (AFSA) have had a face-to-face meeting with assessors of the Eurasian group on combating money laundering and financing of terrorism (EAG).A mutual evaluation of the national AML/CFT system of

AFSA

13 February 2023 06:29

Freedom Finance Global PLC settles with the Astana Financial Services Authority

The Astana Financial Services Authority (AFSA) announces that it has agreed a settlement with Freedom Finance Global PLC (FFG) regarding regulatory deficiencies identified during a supervisory inspection concluded in 2022.FFG acknowledged that it

AFSA

06 February 2023 00:00

Financial Promotions Alert

The Astana Financial Services Authority ( AFSA ) reminds AIFC Participants that according to Rule 3.3.1 of the AIFC Conduct of Business Rules ( COB ), a Person is prohibited from making a Financial Promotion in relation to a Regulated Activity carried on

AFSA

01 February 2023 09:31

AFSA holds 3rd Regulatory Townhall attended by around 200 AIFC participants

A series of points concerning AIFC legislative initiatives have been discussed at the Regulatory Townhall organised by the Astana Financial Services Authority (AFSA). The following points have been discussed: Proposed AIFC Recovery and Resolution

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