Press releases

AFSA

07 June 2023 14:22

Astana Finance Days holds session “Investing in Emerging Markets – Opportunities Created in the AIFC for Asset Management”

The Astana Financial Services Authority (AFSA) with AIFC Business Development Team have hosted a panel session Investing in Emerging Markets Opportunities Created in the AIFC for Asset Management during the Astana Finance Days 2023. The session involved

AFSA

07 June 2023 14:04

AFSA and Securities and Commodities Authority of UAE enters agreement to cooperate in capital markets

The Astana Financial Services Authority (AFSA) has signed a Memorandum of Understanding (MoU) with the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). The purpose of the MoU is to enhance mutual cooperation and exchange of

AFSA

07 June 2023 00:00

Astana Finance Days holds panel session “Future of Crypto Regulation: Discussion with Experts Representing Academia and Industry”

The Astana Financial Services Authority (AFSA) has hosted a session Future of Crypto Regulation: Discussion with Experts Representing Academia and Industry. The panel session included Professor in Banking and Finance Law of Queen Mary University of

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Otan Private Bank Ltd has withdrawn its Licence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