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FinTech
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Is the UK FCA Doing Enough to Stop Investment Scams?

  • According to UK Finance, investment scam victims lost £171.7 million in 2021.
  • The FCA says it can only prosecute fraud as a private prosecutor.
by Solomon Oladipupo
Regulation

CySEC Flags Six More Unauthorized Financial Services Platforms

  • These are offering financial services without having received regulatory authorization.
  • Two of them are trying to clone legitimate brokers.
by Arnab Shome
News

Crypto Investors Lost $1 Billion in Scams during the Last 15 Months, Says FTC

  • Nearly 46,000 people have been affected by crypto scams since the start of 2021.
  • Median individual loss stood at $2,600 for the mentioned period.
by Bilal Jafar
Regulation

Italy’s Consob Blocks 5 Illegal Financial Websites

  • The platforms were offering unauthorized financial services.
  • Since July 2019, Consob has ordered to block a total of 693 websites.
by Bilal Jafar
Thought Leaders

Types of Forex Scams and How to Spot Them

  • Forex traders should not get carried away by bogus promises.
by ForexBrokers
Thought Leaders

Yotam Dar Speaks on Staying Safe from Money Remittance Operation Scams

  • An analysis on some of the most common types of money remittance operation scams.
by Yotam Dar
News

Cryptocurrency Money Laundering Climbs 30% in 2021

  • The role of DeFi in illegal transactions has increased.
  • In 2021, cyber criminals laundered over $8.6 billion worth of digital currencies.
by Bilal Jafar
Retail FX

Brokeree Solutions Warns on Fake Skype Account Impersonating Them

  • The Estonia-based technology solutions provider noted that scammers are asking for Bitcoin payments via Skype.
by Felipe Erazo
Regulation

FCA Outlines Plan to Tackle Investment Scams

  • The authority is planning to reduce the number of consumers who are investing in high-risk financial products.
by Bilal Jafar
Thought Leaders

B2Broker CEO Raises Red Flag on Social Media Scams

  • B2Broker is very aware of the many sophisticated scams in existence.
by Finance Magnates Staff
Retail FX

Australians Lose More than $70 Million to Investment Scams in H1 2021

  • Projected losses are set to cross $140 million by the end of 2021.
by Bilal Jafar
Retail FX

Australians Lost $328 Million to Investment Scams in 2020

  • The citizens lost a total of $850 million to different scams including investment, romance and business email fraud.
by Bilal Jafar
Brokers

Consob Blocks 5 New Illegal FX websites

  • The Italian regulator has blocked a total of 405 illegal websites since July 2019.
by Bilal Jafar
Thought Leaders

Here's How Online Traders Can Invest Safely

  • As most people tend to invest via online apps and platforms, cybersecurity has become an essential part of investing.
by Finance Magnates Staff
News

'Morris Coin' Ponzi Scheme Busted: 36-Year-Old Man Arrested in India

  • Police were tipped off by someone who was not directly involved in the Ponzi scheme.
by Rachel McIntosh
Regulation

FMA Warns of Fraudsters Impersonating Regulator in COVID-19 Scam

  • Scammers are impersonating the regulator, trying to exploit people affected by COVID-19.
by Celeste Skinner
Regulation

ASIC Places Seven Year Ban on BitConnect Frontman John Bigatton

  • Bigatton has been banned from providing financial services for seven years.
by Celeste Skinner
Regulation

Binance Aids Ukrainian Police to Detect Crypto Money Launderers

  • Police arrested three men allegedly tied to a criminal group which laundered $42 million.
by Celeste Skinner
Brokers

Pepperstone Warns Clients of Data Breach as Fraudsters Impersonate Broker

  • Fraudsters are reaching out to Pepperstone clients, asking them to transfer their client funds.
by Celeste Skinner
ICOs

US Grand Jury Indicts PlexCoin Founder of Securities & Wire Fraud

  • The indictment was delivered to Dominic Lacroix, Yan Ouellet and Sabrina Paradis-Royer.
by Celeste Skinner
Regulation

US DOJ: Texas Man Arrested on COVID-19 Relief Fraud Charges

  • Some of the relief funds given to Joshua Thomas Argires were allegedly invested in cryptocurrencies.
by Celeste Skinner
Regulation

Belgium’s FSMA Warns Against Three Boiler Room Scams

  • According to the FSMA, these companies are not allowed to offer investment services in or from Belgium.
by Celeste Skinner
News

Ripple Sues YouTube for Growing ‘Scams and False Impersonations’

  • YouTube recently crackdown on some established crypto content creators, taking down their videos.
by Arnab Shome
Payments

ePayments Woes Continue as Fraudsters Capitalize on Uncertainty

  • Third parties have been offering to help clients recover funds without authorisation.
by Celeste Skinner
Regulation

ACCC: Australians Lost $42.4m to Investment Scams in 2019

  • As of September 2019, Aussies had lost around $33 million.
by Celeste Skinner
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