May 35 brokers customer account profit and loss data released! 9 brokers saw a decrease in customer loss rates

This paper collected a total of 35 brokers\' profit and loss ratio data for customer accounts in May 2023, among which, because Blackwell Global\'s data has not been updated for a long time, and its customer account loss ratio is low, in order to avoid af

Money mules involved in more than 1400 cases! Singapore police arrested 363 suspected fraudsters

On May 12, police said they were helping investigate their alleged involvement in more than 1,400 scams, with victims reportedly losing more than $6 million. These include job scams, loan scams, e-commerce scams, online dating scams, impersonating governm

"High returns" are not credible! Indian businessman cheated of Rs 1.12 crore in Bitcoin investment scam

The victim, a 46-year-old resident of Vadgaon Sheri, Pune, lodged a report at the Cyber police station in Shivajinagar over the incident. Police have opened a case against Daniel Cooper, Alexander Hoodhead and two others responsible for the possession of

Manipulative and deceptive transactions, HSBC Bank USA, N.A. He was fined $45 million

The U.S. Commodity Futures Trading Commission (CFTC) recently issued an order against HSBC Bank USA, N.A. (HSBC), a temporary registered swap dealer, along with charges and a settlement with it. The order accuses HSBC of manipulative and deceptive trading

Philippine police rescued 1,090 people who were trafficked into the country due to cryptocurrency scams

Michelle Sabino, a spokesperson for the Philippine National Police\'s Anti-Cybercrime unit, explained how cryptocurrency fraud works. She alleged that employees were coached to convince outsiders to buy crypto assets or deposit funds into fraudulent bank

More than $1 billion fraud solved! Australian investigators arrested 80 people after a three-year chase

Ken Gamble, a New South Wales based cybercrime investigator and IFW\'s global chairman, launched a global investigation to crack down on the elaborate boiler room scam. The scam uses high-pressure sales tactics through call centers to convince investors t

CLSA Premium will suspend its margin trading business

CLSA Premium, a Hong Kong-based currency broker, disclosed at its annual general meeting on Friday that it had decided to suspend the operations of its margin trading business, which includes the group\'s margin trading and bullion trading operations.

The risk control line of financial institutions remains fragile, and external fraud poses a greater threat

Affected by the environment, geopolitics, market performance and other factors, the risk control situation of financial institutions is becoming increasingly severe. In this context, how can financial institutions cope with the increasing popularity of on

The FCA extended synthetic dollar LIBOR until September 2024

The UK\'s Financial markets regulator has asked the ICE Benchmark Administration LIMITED(IBA) to continue publishing "synthetic" dollar LIBOR Settings for one and six months until September 2024, extending the period to the original end date of

Euronexts foreign exchange trading volume increased 26% month-on-month in March 2023

Forex spot trading, formerly known as FastMatch, registered $521.2 billion during the period, compared with $412.2 billion in February 2023.

FIA TECH integrates a database network into the SYMPHONY platform

FIA Tech has announced that it will integrate its database network into the Symphony platform by introducing a new FIA Tech Bot, providing access to gold source data sets including contract specifications, exchange fees, position limits, cash and collater

"Ponzi Scheme" defrauded more than 6 million! The CFTC filed a lawsuit against a Chicago-based commodity pool operator and its controllers

The U.S. Commodity Futures Trading Commission (CFTC) announced that it has filed a complaint in the U.S. District Court for the Northern District of Illinois against Tyche Asset Management, LLC, a Chicago-based operator of registered commodity pools, and

Irelands central bank governor has compared cryptocurrencies to Ponzi schemes

In a blog post, the governor said that while the Irish central bank is "open" to the potential of "secured cryptocurrencies" such as electronic Money tokens (EMTs) and asset reference Tokens (ARTs), unsecured cryptocurrencies "are

The UK lost £1.2 billion to fraud in 2022, with 80% of fraud cases starting online

According to the UK Finance industry association, people in the UK lost £1.2bn to fraud in 2022, equivalent to £2,300 per minute. The figures also show that around two-fifths of the total losses from scams in which people were duped into transferring mone

Mae Manee Ponzi scheme cost victims billions of baht! Thai couple sentenced to 12,640 years in prison

A Thai couple were sentenced to 12,640 years in prison by Thailand\'s Criminal Court yesterday for running a Ponzi scheme that cost victims billions of baht.