Regarding the 21 warning lists of MAS from the second half of 2024 to January 20, 2025

Established on January 1, 1971, the Monetary Authority of Singapore(MAS), a member of the International Organization of Securities Commissions(IOSCO), is the integrated regulator and supervisor of financial institutions in Singapore. It is responsible for managing various regulations related to currency, banking, insurance, securities, and the financial industry. After merging with the Board of the Comptroller of the Currency, it also assumed the function of issuing currency.

Here is a summary of the investor warnings it recently issued. The main violation types are:

i) may be or may have been wrongly perceived as being licensed or in any other way authorized or regulated by MAS;

ii) have made an offer of units in a business trust or collective investment scheme which may be or may have been wrongly perceived as being authorized, recognized, or registered by MAS;

iii) have made an offer of investment which may be or may have been wrongly perceived as being made in or accompanied by a document lodged or registered with MAS.

Singapore residents should learn about the regulatory information of relevant entities or websites in advance when engaging in various financial activities, correctly identify illegal institutions, and refuse to be deceived. Regulated entities or websites can avoid more risks and improve investment security.

WikiFX is a comprehensive broker database and information platform covering multiple countries. Investors can search for these names of companies that should be looked at to understand why they are not recommended as investment options.

The Monetary Authority of Singapore has issued a warning list of 21 companies to Singapore investors from the second half of 2024 to January 20, 2025 (based on the information available at the time of publication, not exhaustive). The list is as follows: