Police arrest 58 in Bangsar for online forex scam
Abstract：In a recent operation, Brickfields district police chief ACP Amihizam Abdul Shukor reported the arrest of 24 local men, 32 local women, along with a foreign man and woman. The age range of those apprehended spans from 20 to 59 years. The raid resulted in the confiscation of 50 laptops, four mobile phones, nine computer tables, one wifi modem, and two investment banners.
On October 20, 2023, the police apprehended 58 individuals suspected of participating in an online forex investment scam at three different business premises in Bangsar.
Brickfields district police chief ACP Amihizam Abdul Shukor disclosed that among those arrested, there were 24 local men, 32 local women, as well as a foreign man and woman. Their ages ranged from 20 to 59. During the operation, law enforcement confiscated 50 laptops, four mobile phones, nine computer tables, one wifi modem, and two investment banners.
According to ACP Amihizam Abdul Shukor, their investigations revealed indications of an online forex investment scam. The syndicate utilized social media platforms to promote and offer these investments, targeting victims from various countries, including Malaysia, Vietnam, China, the Philippines, Singapore, and Europe. As part of the ongoing investigation, all suspects have been remanded until Monday, and they face charges under Sections 420, 511, and 120(B) of the Penal Code.
Read more
Monisha Chakraborty Appointed as RB Executive Director: What Does This Mean for India's FX Market?
The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.
Forex Liquidity Provider in 2026: How to Choose One Your Brokerage Can Actually Operate
A forex liquidity provider decision now shapes the broker's spreads, fills, slippage, hedging cost, regulatory exposure, and exit options long after the platform is chosen. This 2026 guide explains what a forex LP actually delivers versus what the marketing claim says, how tier-1 banks, prime of prime, and multi-LP aggregators differ in practice, and how execution models (DMA, ECN, STP) change the broker's daily operating reality. It also walks through due diligence on credit, technology, reporting, governance, and exit, and shows how a 2026 broker can combine a primary LP with secondary routing without losing control of the client experience. Use the decision matrix, integration timeline, and operational tests to compare an fx liquidity provider before contract signature, not after a market event.
Moneta Markets Receives UAE Category 5 Licence
Moneta Global Financial Services LLC has received a Category 5 licence from the UAE Capital Market Authority, establishing a regulated structure for the company’s activities in the country.
LMAX Group Review 2026: Users Report Disturbing Withdrawal Issues - Is the Broker Still Reliable?
Did LMAX Group deny you withdrawals citing frozen funds at the wallet service provider’s end? Have you been so exhausted by the endless withdrawal hassles that you have begun to stop investing in the platform? Has this UK-based liquidity provider even questioned your fund ownership status when you requested withdrawals? You are not alone! Many users have complained about these issues while sharing their LMAX Group reviews.
WikiFX Broker
Latest News
57 Booked in Pune Forex Scam Probe: The Fake Trading App Checklist Every Indian Investor Needs
WikiFXAccused of a RM123 Million Crypto Scam, He Fled to Malaysia and Claimed He Was Robbed
WikiFXAfrica's 10 Strongest Currencies in July 2026: Naira Absent
WikiFXU.S. and Japan Stand Ready for Further Coordinated Yen Intervention, Treasury Warns
WikiFXYen Retreats After Coordinated Intervention
WikiFXRinggit Flat Near RM4.09 After US Factory Data Surprise
WikiFXHF Market Review – A 1.76 Score, an Unverified CYSEC Licence, and a Frozen Account
WikiFXSri Lanka Rupee Slides 7.9% in H1 2026 as Bank Steps In
WikiFXMarket, Limit, and Stop Orders in Forex Explained Simply
WikiFXApple Faces Lawsuit Over Fake Crypto App Exposing $1.8 Million Theft
WikiFXRate Calc
