Kazakhstan
4 regulators · 6 laws & regulations · 4 obligations · 3 enforcement actions
| Date | Entity | Regulator | Action | Penalty | Source | Summary |
|---|---|---|---|---|---|---|
| 20 Jan 2026 | ACLB Management Company Limited (AIFC-registered company, never licensed) | AFSA | Monetary Penalty | US$139,533 | official | |
The AFSA fined the company USD 139,533 for providing Islamic financing and Islamic banking business without authorisation and for unauthorised financial promotions on its website; the notice says it also ignored a cease-and-desist direction of 24 September 2024. Client losses of about KZT 80 million are stated, and payment is due within 30 business days. |
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| 20 Jan 2026 | Mr. Arman Bayev (individual (CEO of Proportunity Management Company Limited and ACLB Management Company Limited)) | AFSA | Prohibition Order | — | official | |
The Enforcement Committee's Decision Notice of 20 January 2026 prohibits Mr Bayev from holding office in, or being a director or employee of, any Authorised Person or Ancillary Service Provider. It records transfers from Proportunity's account to his personal account. No fine is imposed on him, and he may appeal to the AIFC Court within 28 days. |
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| 20 Jan 2026 | Proportunity Management Company Limited (AIFC FinTech Lab participant (licence expired 1 July 2024)) | AFSA | Monetary Penalty | US$249,770 | official | |
The AFSA Decision Notice of 20 January 2026 fines the company USD 249,770, payable within 30 business days, for providing Islamic financing without authorisation, unauthorised financial promotions, failure to cooperate with the investigation, missing compliance and money laundering reporting officers, AML and reporting failings, and IT security breaches. Client losses stated in the notice are KZT 222,494,213. |
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| No enforcement actions match these filters. | ||||||