Most of the victims of cryptocurrency scams in South Korea are young women under the age of 39

The typical "romantic scam" of this type of cryptocurrency is commonly used as a fraud method to exchange currency with a fake platform under the pretext of "asking the victim to help"; There are also scammers who target young, mostly

Spain\'s CNMV has issued a warning against five unauthorised foreign exchange traders

In accordance with Article 17, paragraph 2, of the Law on the Securities Market (reformulated by Royal Decree No. 4/2015 of 23 October), the Comision Nacional del Mercado de Valores (National Commission on the Securities Market of Spain) warns that The fo

Blacklist update! South Africa\'s FSCA issued a warning to 14 companies or individuals

South Africa\'s regulator, the Financial Conduct Authority (FSCA), recently issued a warning to the public about 14 unauthorised companies or individuals soliciting customers in South African jurisdictions without obtaining a licence or providing false re

The suspected amount is over 231 billion naira! EFCC announces WANTED MBA Forex founder Share

Mr. Maxwell Chizi Odum, founder and CEO of MBA Trading and Capital Investment Limited, also known as MBA Forex, has been declared wanted by the Economic and Financial Crimes Commission (EFCC). A statement issued on Wednesday by the EFCC\'s Head of Media a

The head of a Philippine Marketing platform Rigen has been sentenced to life in prison

The Second Division of the Tagum City District Court of First Instance convicted Rico John Colorines Garcia and King Paul Bryan Auditor of conspiracy to defraud in two criminal cases on April 11 and May 2. They are, respectively, the CEO and auditor of Ri

South Korea\'s financial regulator, the FSC, has overhauled rules for CFD trading

In addition, while keeping the current requirements for qualified professional investors unchanged, the authorities will establish additional separate requirements to verify their eligibility to trade OTC derivatives such as CFDS through a face-to-face ve

Suspected money laundering! Crypto exchange BKEX suspended withdrawals to cooperate with the investigation

In a statement on its blog, BKEX said: "The BKEX team will fully cooperate with the regulatory investigation and do its best to restore normal operations of the exchange." The team will actively cooperate with the relevant authorities to solve t

More and more fraud, the Taiwanese people were cheated of NT $28.8 billion in seven years

Lin Siming said that since 2020, fraud cases have become the top crime cases, accounting for a quarter of all criminal cases. According to the statistics of the "Criminal Police Station", in the past 7 years, the amount of people have been defra

FCA Blacklist Update! 26 new companies on the list last week

The UK\'s Financial Conduct Authority (FCA) last week issued a warning to 26 unauthorised firms for soliciting customers in UK jurisdictions without a licence.

Australian pig killing dish: Queensland businessman cheated out of $300,000 in scam

According to the latest Targeting Scams report, scammers made at least $3.1b in 2022, an 80 percent increase over the total losses recorded the previous year. Part of the reason for this rise is that scammers are using increasingly sophisticated technique

FCA\'s message to young investors: Invest with a relationship mindset

The UK\'s Financial Conduct Authority (FCA) has published a new survey advising young investors to invest with romantic considerations and a long-term mindset.

CFTC commissioner says it\'s impossible to police all cryptocurrency frauds

Christy Goldsmith Romero, one of the five commissioners of the U.S. Commodity Futures Trading Commission (CFTC), said cryptocurrency cases make up about 20 percent of the agency\'s portfolio, These include recent civil cases against the exchanges Binance

Eight more! The number of illegal financial websites banned by CONSOB in Italy has increased to 898

The Italian Financial Market Supervisory Authority, CONSOB, has ordered the closure of eight new websites that illegally offer financial services/financial products (six illegal financial intermediation websites, two websites offering financial products w

By downloading a "Meta Traders 4" APP, a Malay man in his 50s suffered a blood loss of nearly RM500,000

According to the man in his 50s, in November last year, he was pulled into a chat group by netizens, who offered the opportunity to invest in foreign exchange investments in Hong Kong, promising double returns, and he was tempted to download a "Meta

CFTC Commissioner: Can\'t regulate all cryptocurrency scams because there are too many!

Christy Goldsmith Romero is one of the five commissioners of the regulator. She said cryptocurrency-related cases make up 20 percent of the agency\'s cases, including recent civil lawsuits against cryptocurrency exchanges Binance and FTX.