. Violations of 2012-2023 by Freedom Holding Corp. and its subsidiaries
Freedom Holding Corp., the parent company of Freedom Bank, was involved in a number of violations between 2012 and 2023. Here are some of the most serious violations:
Violations in the internal control system for countering the legalization of proceeds from crime and the financing of terrorism
In 2012, the National Bank of Kazakhstan conducted an audit of the activities of Freedom Holding Corp. During the audit, violations were revealed in the internal control system for countering the legalization of proceeds from crime and the financing of terrorism. In particular, facts of non-compliance with the requirements for customer identification and verification of their reliability were discovered.
Image: The National Bank of Kazakhstan will open in a new window
www.timetoast.com
National Bank of Kazakhstan
Sale of fake shares
In 2022, a criminal case was opened in Kazakhstan against Freedom Finance Europe. The company was accused of selling fake shares of Freedom Finance Europe to investors. During the investigation, it was found that the shares of this company were not registered in accordance with the requirements of Kazakh legislation.
Image: Freedom Finance Europe opens in a new window
evropakipr.com
Freedom Finance Europe
Misuse of customer funds
In 2023, the National Bank of Kazakhstan imposed a fine on Freedom Bank in the amount of 500 million tenge. The fine was imposed for the misuse of customer funds. In particular, it was found that the bank used customer funds to finance its own operations.
Image: The National Bank of Kazakhstan will open in a new window
mtrk.kz
National Bank of Kazakhstan
These violations resulted in serious reputational and financial losses for Freedom Holding Corp. The company was forced to restructure its business and reduce staff in order to restore the trust of customers and investors.
Currently, Freedom Holding Corp. It is under the close attention of law enforcement agencies. It is likely that in the future specific violations will be charged against specific employees or divisions of the company.
See original · Русский
2
1
12345 54321
Level 8 Local Expert
May 13, 2023
Такое отвратительное отношение к иностранным клиентам , подошел к девушке консультанту спросил по поводу выпуска карты , девушка только начала рассказывать заходит местный клиент казах она мне даже извините не сказала демонстративно отошла к нему и начала с ним диалог по консультации продукта , не удивляйтесь к такому отношению.
3
1
Dana Cat
Level 26 Local Expert
April 2
There is no technical support that you can't get through to! and if it works out, it's not a fact that they will help. constant glitches in the application. I do not recommend it.