CONNECT WITH US
Fintech

Fintech

Singapore Says ScamShield Is Not Designed for Investment Background Checks

Fintech News Singapore logo

Published on

Add as a preferred source on Google
Singapore Says ScamShield Is Not Designed for Investment Background Checks

Singapore says ScamShield is not designed to help investors vet the people behind investment schemes.

The anti-scam tool allows consumers to check, block and report suspected scam-related messages, websites and phone numbers.

Monetary Authority of Singapore (MAS) board member Alvin Tan explained that information on directorships and other business interests is available for a fee through the Accounting and Corporate Regulatory Authority’s (ACRA) Bizfile platform.

Bankruptcy records can also be accessed for a fee through the Ministry of Law’s Insolvency Office website.

The government advised consumers to exercise caution and deal only with MAS-licensed entities and their appointed representatives.

Featured image: Edited by Fintech News Singapore, based on image by MD.Laik alom mollik via Magnific



Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.