I disagree with the approach taken by the Monetary Authority of Singapore in putting up an Investor Alert list. http://www.straitstimes.com/breaking-news/singapore/story/investor-alert-list-helps-investors-dodge-dodgy-deals-20121007
A better approach is to have a conversation with the promoters and to ask some relevant questions. They can tell the promoters that they are potentially breaking the law on deposit taking and money laundering. If the promoters insist on continuing the activities, MAS could ask the CAD to investigate the matter.
A pro-active approach will be more effective in stopping potential scams.
A better approach is to have a conversation with the promoters and to ask some relevant questions. They can tell the promoters that they are potentially breaking the law on deposit taking and money laundering. If the promoters insist on continuing the activities, MAS could ask the CAD to investigate the matter.
A pro-active approach will be more effective in stopping potential scams.
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