Singapore MAS Alert List Update: Latest Developments on February 19, 2025

The Monetary Authority of Singapore (MAS) is the comprehensive regulator of financial institutions in Singapore. MAS is responsible for managing various regulations and systems such as currency, banking, insurance, securities, and finance.

Some entities impersonate others or conduct trading activities without regulatory approval, which poses a risk to investors' funds. When engaging in various financial activities, Singapore residents should understand the regulatory information of relevant entities or websites in advance, correctly identify illegal institutions, and refuse to be deceived.

WikiFX is a comprehensive broker database and information platform covering multiple countries. Investors can search for these names of companies that should be looked at to understand why they are not recommended as investment options.

MAS has issued a warning list for the period from February 2025 (as of February 19) (based on information available at the time of publication and is not exhaustive).