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…
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…
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…
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,…
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…
Chasing the Masterminds Orchestrating a Billion-Dollar Scam
BBC Eye Investigations report, 12 April 2023. A multinational scam network has defrauded ordinary investors out of over a billion…
Australian Financial Services License Revoked for Cryptocurrency Exchange Binance
Report: 9News, by Savannah Meacham. The world’s biggest cryptocurrency exchange has lost its Australian financial license after an investigation by Australia’s corporate…
Thai Influencer On The Run After Forex Scam Cost Followers $55M
Fortune reported that a popular Thai YouTuber defrauded thousands of individuals of $55 million through a foreign exchange trading scheme.…
16 people will be questioned in Thailand for the Forex-3D Ponzi scheme
Report by Thai PBS News: According to Pol Maj Woranan Srilam, spokesman for the Department of Special Investigation, sixteen more…
Young Crazy Rich Indonesians Were Accused of Investment Fraud
Reports: By Hellena Souisa, ABC News. When social media influencers Indra Kesuma and Doni Salmanan appeared on an Indonesian television program to…
Forex Trading Fraud Flourishes in Vietnam: Unmasking Illegal Brokers
Vietnam is facing a distressing surge in forex trading fraud, leaving countless investors in financial ruin as cunning con artists…