SAUDI ARABIA
The Saudi Ministry of Commerce has issued a warning against illegal FOREX sites.
The Saudi Ministry of Commerce has issued a warning against illegal FOREX sites.
Through its official Twitter account, the Saudi Ministry of Commerce (MoC) issued a strong warning against the Foreign Exchange Market (FOREX).
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“Do not lose your money because of your contacts with persons or businesses that encourage unauthorized foreign exchange operations(Illegal Forex Sites),” the ministry said.
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The Saudi Central Bank, the Capital Offer Authority (CMA), and the Ministry of Commerce have started a public awareness campaign to warn people about the hazards of interacting with dubious websites that market securities without the requisite permits from relevant authorities.
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