Any idea as to why they haven't been investigated and/or de-listed? Is it really just that no one cares? That seems insane to me but I don't know much about the financial services space
I'm not SEC to know that.
> Is it really just that no one cares?
There was some investigation by Hindenburg Research, but since it's mostly OSINT with bunch of forum screenshots and public records it did not gain that much publicity:
https://hindenburgresearch.com/freedom/
PS: Just to be clear my source of information is not some journalist aricle or Hindenburg Research. I just opened said bank account for myself along with many many other people who never in their life been to Kazakhstan.
Except even last month they been opening bank accounts for anyone and everyone left and right including providing means for very-very-shady registration of Kazakhstan Tax-ID (SSN) remotely.
And until a week ago you could literally send money from a bank cards of some Russian sanctioned banks to them and it just worked. Now when Russia payment system provider itself been sanctioned it's no longer works, but fortunately now they'll gladly accept money transfers from their ex-subsidiary that they of course sold a year ago, etc.
Again it's very much possible that from legal standpoint everything they do is "legal". Just dont be surprised why Wirecard wasn't caught by EU authorities earlier. I pretty certain Wirecard also had great law firms working for them.