Eight complaints made against 'finfluencers' in 2025 so far, says MAS

Quick Summary:

Over the past five years, the Monetary Authority of Singapore received an average of five complaints per year.

Chocolate Finance previously offered instant withdrawals of up to S$20,000 (US$15,000) per day and launched a debit card in February this year.

The figure is an increase from the average of five complaints a year in the past five years and MAS is monitoring this closely, said MAS Board Member Alvin Tan.

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Category: EconomyBusiness

Markets: Singapore

Topics: Five Monetary Singapore Complaints Platform Investment Financial Year Customers Authority Withdrawals

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 21:06:08 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 838 words

Reading Time: 5 minutes read

Sentences: 37 lines

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Copyright Owner: © Channel News Asia

News ID: 27727712

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