Singapore police charge Forex trio over unregulated activity

“The Commercial Affairs Department investigated a scheme offered by a company based outside of Singapore to investors in Singapore between 2013 and 2015” reports The Singapore Police Force has issued a brief notice announcing the arrest of a Forex trio involved in the promotion of a prohibited multi-level marketing scheme and conducting a business without the necessary license.It also unlawful to carry out their business in any regulated activity without a Capital Markets Services Licence issued by the Monetary Authority of Singapore (MAS), unless otherwise exempted or excluded.

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