AFSA alerts the public on the regulatory status of Bivexo Group Astana Limited and Bivexo Group Limited
Bivexo Group Astana Limited is a private company registered at the Astana International Financial Centre (AIFC) on 22 October 2024 with a BIN Number 241040900810. The firm is engaged in the activities of “manufacture of batteries and accumulators” and “manufacture of electrical and electronic equipment for vehicles.”
While Bivexo Group Astana Limited is registered within the AIFC, the firm is neither licensed by the Astana Financial Services Authority (AFSA) to provide Financial Services nor to make Financial Promotions within or from the AIFC.
Bivexo Group Limited, which promotes itself as a Hong Kong-based organisation via the bivexo.com website, is not and has never been registered in the AIFC or authorised by the AFSA to carry out Financial Services within or from the AIFC.
It came to AFSA’s attention that financial promotions on various social media platforms are taking place, urging members of the public to use financial services offered on bivexo.com.
AFSA urges the public to exercise utmost caution and consult the Public Register, which lists business information not only for legal entities registered at the AIFC but also licensed by AFSA. This is a crucial step to ensure a legal entity is duly licensed before using any of its financial services or products.
Reference:
The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.
Over 3,500 firms from over 80 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz
The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/
Contact information:
Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]
