The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published a warning that increased interest in investing has been accompanied by more scams involving fraudsters posing as financial experts, particularly on social media. The schemes typically aim to build trust and persuade individuals to transfer money to fake investment platforms that visually imitate well-known companies or claim to operate on behalf of large banks. The alert flags common indicators including advertising from unofficial accounts, links that lead to third-party resources rather than official websites, promises of “guaranteed” high returns sometimes with very low minimum investments, pressure to act quickly, and requests to download an app via channels other than the App Store or Google Play. The Agency advised investors to verify licences of financial organisations on its website, confirm promotions through banks’ and companies’ official websites, and avoid sharing personal data or sending funds before fully checking the platform. Additional educational materials are available on Fingramota.kz.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan2025-05-15
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan warns investors about social media fraud using fake investment platforms
The Agency for Regulation and Development of the Financial Market of Kazakhstan warned about scams with fraudsters posing as financial experts, especially on social media. These schemes mimic well-known companies or banks to deceive individuals into transferring money to fake investment platforms. The Agency advises verifying financial licences, confirming promotions through official channels, and avoiding sharing personal data or funds without thorough checks.