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Strengthening Control over the Purchase of Noncash Foreign Currency in Kazakhstan

Amendments to the Rules for Conducting Currency Transactions in the Republic of Kazakhstan (the Amendments) came into effect on January 1, 2025. From now on, banks will control the acquisition of foreign currency by reference...more

Kazakhstan Rehabilitation and Bankruptcy Law Amendments Enhance Priority of Secured Creditor Claims

The latest amendments to the Kazakhstan Rehabilitation and Bankruptcy Law were signed on April 2, 2019, and became effective from April 14. The amendments enhance the priority right of secured creditors through the acceptance...more

Kazakhstan National Bank Tightens Banking and Price Manipulation Rules

The amendments aim to strengthen the requirements for banks’ net equity and charter capital as well as the price manipulation restrictions....more

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