Alert: Unauthorised Use of AFSA Logo by “MBus Exchange”
The Astana Financial Services Authority (“AFSA”) alerts the public to the unauthorised use of its logo by “MBus Exchange,” which may mislead by suggesting that “MBus Exchange” is regulated by AFSA.
AFSA has identified a group of social media accounts operating under the name “MBus Exchange” offering cryptocurrency exchange services without authorisation. We would like to inform that “MBus Exchange” is not licensed by AFSA.
Following an investigation, AFSA has established that no entity under this or a similar name is registered in the Astana International Financial Centre (AIFC) or holds a financial services licence issued by AFSA. Therefore, the activities of “MBus Exchange” display characteristics of criminal offenses, potentially falling under Fraud (Article 190) and Illegal Business Activity (Article 214) of the Criminal Code of the Republic of Kazakhstan.
AFSA urges the public to consult its Public Register, which provides up-to-date information about entities registered in the AIFC and firms authorised by AFSA. Verifying a firm’s authorisation before using any financial services or products is essential to ensuring your security and compliance.
AFSA strongly cautions against engaging with any communications from any individuals affiliated with this project. You should not under any circumstances enter into any contracts, or transfer funds to, any parties associated with this scam.
If you have any concerns about the authenticity of any correspondence or suspect that you have been contacted by someone involved in a scam, we suggest that you address your concerns directly to AFSA. You can do this by using the online form available on our website.
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 3,700 firms from 85 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]
