List of Entities Showing Signs of Unlicensed Financial Activity

List of Entities Showing Signs of Unlicensed Financial Activity

The list includes 121 entities, including 56 organizations showing signs of a financial pyramid scheme and 65 unlicensed investment intermediaries.

The Agency has compiled a list of entities whose activities show signs of a financial pyramid scheme, as well as persons providing financial services in the territory of the Republic of Kazakhstan independently and/or through intermediaries without the required license or authorization. Complaints regarding the activities of these entities have been submitted by citizens to the Agency.

The activities of the entities included in the list fall outside the scope of financial licensing and regulation. Accordingly, clients’ rights with respect to the financial services provided by such entities are not protected by law. Therefore, engaging in financial transactions with the entities listed by the Agency may involve an increased risk of loss of invested funds for citizens of the Republic of Kazakhstan.

The Agency identifies participants showing signs of illegal activity in the financial market through:

  • monitoring online information sources;
  • monitoring social media, including blogs, forums, video-hosting platforms and messaging services;
  • reports from individuals and legal entities (since the beginning of the current year, the Agency has received 125 reports regarding the activities of suspicious companies);
  • cooperation with government authorities and public organizations representing civil society institutions.

To increase public awareness, the Agency informs financial market participants about suspicious companies and cooperates with law enforcement and other competent authorities to conduct further investigations and block the websites of such companies.

For each entity showing signs of illegal activity, the list provides the company name and website address. The information will be updated regularly.

The list of entities showing signs of illegal activity is available here.

For questions related to the protection of financial services consumers’ rights, please contact the call center at:
+7 (727) 237 1000

Working hours:
Monday–Friday, 9:00 a.m. to 5:00 p.m.