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Labuan Financial Services Authority ramps up crackdown on dodgy investment schemes amid rising scam cases

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Labuan Financial Services Authority Nyheter

Scams,Dodgy Investment Schemes

LABUAN, Sept 3 — The Labuan Financial Services Authority (Labuan FSA) is ramping up its efforts to combat dubious investment schemes and foreign investment scams, warning the...

‘I want to set more records and create history’: After gold win at Paris 2024, Liek Hou has no plans to retire, targets further glory for MalaysiaResponding to recent media reports, Labuan FSA said a significant forex investment scheme has allegedly defrauded approximately 400 individuals, leading to a collective loss of around RM100 million.

“Labuan FSA strongly advises investors to thoroughly verify the legitimacy of any investment opportunities, particularly those that seem too good to be true. “The authority is fully empowered to oversee the international business and financial services industry in Labuan and is committed to taking decisive enforcement action against any breaches of laws and guidelines under its jurisdiction.

To bolster public confidence in the Labuan IBFC, Labuan FSA publishes details of enforcement actions on its website.

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