Southeast Asia’s Online Trading Scam Crisis: A Growing Threat to Global Financial Security
February 1, 2025 – Southeast Asia has emerged as a global hotspot for online trading scams, with criminal syndicates exploiting the…
Police Warn Public Against Forex Trading Scam: Exercise Caution Before Investing
Manila, News reports: Police alert the public to a rise in foreign exchange (forex) trading scams and urge them to…
Prop Trading Firms Face Turbulence: What’s Next?
Proprietary trading firms, often lauded for their ability to deliver substantial profits, are now grappling with significant industry upheavals. Recent…
Fraudsters Impersonate Major Broker Equiti, Scamming UAE Investors
The UAE’s Securities and Commodities Authority (SCA) has issued a stern warning to investors about an unlicensed entity impersonating the…
Singapore-Registered Firm Accused of Defrauding Thousands in Japan’s Largest Scam
Tokyo/Singapore – In a shocking revelation, a Singapore-registered company, Sky Premium International, stands accused in Japan of orchestrating what authorities…
AximTrade Faces Multiple Challenges Amid Server Downtime
For several weeks now, clients of AximTrade have faced mounting frustration as they attempt to access their accounts, only to…
Rising Scams and Cybercrime Pose a Growing Threat in Singapore
Singapore, As Singapore grapples with a surge in scam and cybercrime cases, concerns over online security continue to mount. Despite…
DOJ Initiates Money Laundering Charges Against Alleged Cryptocurrency Scam Operators
In a significant development, money laundering complaints have been officially lodged with the Department of Justice (DOJ) against individuals apprehended…
Philippines Deports 180 Chinese Nationals Over Online Scam and Trafficking
In a move following their detention in a raid on a suspected sex trafficking and online scam operation in Manila,…
A Man Sues a Woman After Losing S$49,500 Due to Trading Platform Hacking
An individual from Singapore lost his entire investment of S$49,500 (approximately US$37,100) in an Australian forex trading platform that was…
Forex trading enticed customers who lost hundreds of thousands of dollars
ABC report by Michael Atkin. Former customers of an Australian company claim they were lured into the high-risk world of foreign…
The Philippines will close 175 offshore gambling companies and deport 40,000 Chinese workers.
MANILA, (Reuters) – A justice ministry official said on Monday that the Philippines will shut down 175 offshore gambling companies…
Regulators Crack Down on My Forex Funds Amidst $310 Million Scam Allegations
In a swift and resolute move, regulatory authorities in the United States and Canada have cracked down on My Forex…
China’s Forex Trading Dilemma: Balancing Control and Demand
In the intricate landscape of global finance, China has held a firm grip on its foreign exchange (Forex) market. With…
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…