Astana International Financial Centre
Astana International Financial Centre
The Astana International Financial Centre plays one of the main roles in attracting financial resources. It is positioned as a financial hub for the countries of Central Asia, the Caucasus, Eurasian Economic Union (EAEU), Middle East, Western China, Mongolia and Europe.
The AIFC is a financial hub in Astana, Kazakhstan that officially launched on July 5, 2018.
AIFC includes such bodies as:
AIFC Management Council
It is a supreme authority that includes high profile leaders of global financial corporations and is chaired by the President of Kazakhstan. The main objectives of the Management Council include the determination of the strategic directions for the AIFC development and the assistance in the development of the favourable conditions for the formation of a leading financial centre.
AIFC Authority
The AIFC Authority is responsible for the development of the overall strategic plan, promotion of the AIFC in the global markets, attraction of the potential participants to the AIFC.
Astana Financial Services Authority (AFSA)
The AFSA regulates the financial services and related operations of the AIFC. The core functions of the AFSA include registration, accreditation and licensing, regulation, control and supervision, law Enforcement. A regulatory regime consistent with recognized international standards (IOSCO, Basel, IAIS, FATF, etc.) will be introduced in the AIFC.
AIFC Court
The AIFC will have its own legal system based on the principles and rules of English law. The AIFC Court is independent in its activity and separable from the judicial system of the Republic of Kazakhstan.
AIFC International Arbitration Centre
The International Arbitration Centre shall review disputes which the parties have agreed shall be settled by arbitration.
AIFC Bureau for Continuing Professionals Development
AIFC Bureau for Continuing Professional Development is responsible for human capital development and plans to retrain over 2000+ specialists in the financial industry of Kazakhstan and, ultimately, creating critical mass of professionals for AIFC eco-system and beyond. In addition, the Bureau is responsible for investment and financial literacy programs related to AIFC’s core pillars including Islamic Finance, Fintech, Capital Markets, Green Finance, as well as Asset and Wealth Management.