MAS's warning list is the first place to look
Every year MAS publishes warnings against brokers soliciting Singapore clients without permission. Those lists are free intelligence: use them before investing, and cite them after a loss.
What the warning lists contain
Warnings name firms, websites and clone patterns observed targeting Singapore. They are published precisely because complaints arrived — meaning real victims preceded every entry.
In claims, a named warning converts your loss from "investment went wrong" into "documented, warned-about fraud" — language banks and complaint bodies act on.
The gap the lists cannot close
New scam brands appear faster than warnings. That is why the register check matters more than the blacklist: no licence means no permission, regardless of warnings.
Singapore victims should act within hours: under the Shared Responsibility Framework, banks and telcos face duties to intervene, but a fast police report anchors the case.
Using warnings in a claim
If the platform that took your money appears in a MAS warning, attach it to your ScamShield and the Singapore Police Force report and your written bank claim. It pre-empts the "you invested wisely" defence.
If it is not listed, the register check plus your evidence still carries the claim — warnings help, but registration status decides.
Frequently asked questions
Where do I find the official warning list?
On MAS's website — search for "warnings" or "unauthorised firms". Beware fake "regulator" sites that scam operators create.
The firm is not on any list. Does that mean it is safe?
No. Only a licence on the official register is meaningful. Most fraud platforms never live long enough to be warned about.
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