Kazakh MP demands probe into alleged unlicensed foreign investment ads

September 30, 2026 at 12:08 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Kazakh MP Yuri Li demanded a comprehensive check of foreign investment project ads that lack ARDFM or AIFC licenses. He said such ads are disguised as reviews and analytics on Kazakh websites, misleading citizens. Li cited 168 publications about 48 projects on 51 Kazakh internet resources from 2023 to 2026.

Key Facts

Yuri Li, a deputy from the Ak Zhol party, raised the issue at a kurultai session on Wednesday.
From 2023 to 2026, 168 publications about 48 projects were identified on 51 Kazakh internet resources.
From January to July 2026, at least 19 publications about four projects with similar signs were found.
NTX Prime is absent from the UK register of legal entities, according to Li.
JPM Analytics claims to work through Freedom Finance Europe Ltd, but Freedom Finance support says the project is not among its approved agents.

The Deputy's Demand

Yuri Li, a deputy from the Ak Zhol party, demanded a comprehensive check of all such advertising facts at a kurultai session on Wednesday. He called for constant interaction between industry and law enforcement agencies to promptly identify and suppress such advertising. Li stated that the materials are published not only on social networks but also on websites of regional and industry publications, formatted as reviews, overviews, and analytics. This creates an impression of independent journalistic information among citizens, he said.

Scale of Violations

From 2023 to 2026, 168 publications about 48 projects were identified on 51 Kazakh internet resources, according to monitoring conducted by the party. From January to July 2026, at least 19 publications about four projects with signs of similar activity were found. The projects include NTX Prime, GlobalReachOut, Blu-Alliance, and JPM Analytics. NTX Prime is absent from the UK register of legal entities, Li said. Payments from clients are accepted on bank cards of individual drop persons, according to available materials.

Regulatory Gaps

Legislation on state regulation of the financial market directly establishes that financial market activity is not allowed without a corresponding license. The placed materials lack information about the license, its number, and the issuing authority. Li expressed serious concern about the lack of proper and prompt response from authorized bodies and media. Industrial Trading is included by the Agency for Regulation and Development of the Financial Market in the list of organizations with signs of unfair activity, but ads still appear on agroinfo.kz.