Recently, the official website of the KAB announced that the company has decided to voluntarily relinquish its authorization number 058/05 CIF Cyprus license from March 1, 2023, and after communicating with existing customers, the company will stop providing investment services.
KAB customers who have funds and financial instruments in their accounts are notified that the company will refund the amount of their eligible funds and financial instruments, and the user may be asked to provide the information necessary to make the refund (in accordance with the company's terms and conditions).
In fact, in the past two years, KAB three A financial platform has been negative, more customer complaints. Since June 2021, a large number of customer complaints have been concentrated, mainly focusing on issues such as inability to withdraw funds for various reasons, arbitrary blocking of accounts, and poor customer service contact. Now the initiative to delist, is also based on their own business situation to make a choice.