Since the beginning of 2025, Kazakhstan’s AFM has dismantled 24 financial pyramids, including those accepting cryptocurrency deposits. The agency reported this to President Kassym-Jomart Tokayev.
As part of the investigation, digital assets of the criminal scheme organizers were frozen, amounting to 2.2 billion tenge ($4.18 million at the time of writing).
In total, the AFM completed investigations into 300 criminal cases, including illegal activities of a group of microfinance organizations and unjustified budget expenditures in the implementation of large infrastructure projects.
The agency also blocked 5,600 fraudulent websites and closed 30 group chats and accounts with a total audience of over 22,000 people.
During the reporting period, victims were compensated for damages amounting to approximately 20 billion tenge (over $38 million).
With the assistance of the Agency, legislative amendments were introduced in Kazakhstan’s Mazhilis to counter money laundering in accordance with FATF standards.
Back in 2024, the AFM dismantled 36 illegal crypto exchanges with a total turnover of 60 billion tenge ($121.9 million). The amount of frozen and confiscated assets was 4.8 million USDT (about 2.5 billion tenge).