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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illegal FOREX sites

 

 

 

ismailsesa

Works as an in-house Writer at Gulf Tech Plus and focuses on the latest smart consumer electronics. Closely follows the latest trends in consumer IoT and how it affects our daily lives. You can follow him on Facebook, Instagram & YouTube.

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