The Escalation of Financial Frauds in South East Asia: A Growing Concern
In recent times, South East Asian region, known for its economic dynamism and cultural diversity, has been witnessing a disconcerting…
UN report: Hundreds of thousands trafficked to work as online scammers in South East Asia
A new UN report estimates that hundreds of thousands of individuals from around the globe have been trafficked to Southeast…
Prop Trading Under Scrutiny: Calls for Stricter Regulation Grow Louder
The world of prop trading, short for proprietary trading, is facing a potential shakeup as concerns grow over the need…
AximTrade Faces Mounting Fraud Accusations Amidst Withdrawal Woes
In the realm of foreign exchange trading, the pursuit of profit remains paramount. Yet, recent revelations have cast a shadow…
Warns about AximTrade From The Securities Commission Malaysia (SC)
Navigating the Uncharted: Unmasking Unapproved Brokers in Malaysia’s Financial Landscape Embarking on a journey through the intricate terrain of Malaysia’s…
Breaking: Ongoing Withdrawal Troubles with AximTrade Impact Asian Traders
AximTrade is currently under intense scrutiny due to recent scam allegations. A series of cases originating from the Philippines have thrust…
Scammers created an internet trading platform to defraud a Singaporean of $800,000
Getting conned is one thing, but it’s a whole new level of misery when you appear to earn a lot…
Changes in Forex Regulation in Offshore Jurisdictions
Forex brokers have traditionally favored cost-effective and straightforward alternatives for company formation and market entry. Popular offshore jurisdictions like Belize,…
Chinese Nationals Arrested in Vietnam For Forex Scam
The police of central Quang Binh province apprehended 11 people, including two Chinese, for running an online forex scam. Two…
Report: Revolutionizing the Forex Industry and The Rise of Fintech
In the ever-evolving landscape of finance, the foreign exchange (forex) industry stands as a cornerstone of global commerce. Trillions of…
Why is Financial Fraud so Prevalent in the Philippines?
In the last few years, the number of financial frauds has been rising rapidly in the Philippines. The local authorities…
A Malaysian man loses almost half a million ringgit in forex scam
News reports: A Malaysian man in his fifties lost RM485,320 in a forex scam. Sibu OCPD Asst Comm Zulkipli Suhaili…
ASIC Lifts Stop Orders on Saxo Capital Markets
In a recent development, the Australian Securities & Investments Commission (ASIC) has taken action against Saxo Capital Markets (Australia) Limited,…
500 Malaysian Victims of Forex Scammers in 2023
The Malaysian Securities Commission (SC) has received reports from 500 victims who had cumulatively lost approximately RM1 million due to…
3 Brokers are under Investigation for Money Laundering and Fraudulent Trading
The investigations have been ongoing for four to five years on multiple fronts against the three top brokers, who are…