SPF and MAS launch investigation into Samtrade FX

The entity has been on MAS’ Investor Alert List since July 2021.

A joint news release by the Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) announced an investigation into Samtrade FX.

The platform as well as its parent company, Samtrade FX Limited, are not licensed by MAS and have also been placed on the department’s Investor Alert List since July 2021.

In particular, the entities are being investigated for potential offences under Section 82 of the Securities and Futures Act 2001, which bars any person without a capital markets services licence from carrying out a business in any regulated activity. Both agencies suspect that irregular trading activities have been carried out on the platform.

Three men have also been arrested in connection with the investigation.

Follow the link s for more news on

MAS

Samtrade FX Limited

Singapore Police Force

investigation

Investor Alert List

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia