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Legal Mechanisms for the Protection of Financial Service Consumer’s Rights in the Republic of Kazakhstan: A Comparative Analysis

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Moroz S., Akimbekova S., Juchnevicius E.
Financial Law Review
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2024
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vol. 36
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issue 4
82-107
EN
This article explores the legal mechanisms for protecting the rights of financial service consumers in the Republic of Kazakhstan. The study employs a combination of scientific methods to achieve its objectives. Comparative legal analysis is used to evaluate the Kazakh legislative framework against international best practices, such as World Bank guidelines. The normative-dogmatic method is applied to interpret existing laws, while a systemic approach assesses the coherence of financial and consumer protection regulations. Additionally, a deductive method identifies general principles of consumer protection, and an inductive approach derives conclusions specific to Kazakhstan’s context. These methods reveal gaps in the current legislation and provide recommendations for its improvement.
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