MoneySense published a list of companies that are NOT regulated by the Monetary Authority of Singapore (MAS) to carry out financial activities. The list is not exhaustive and will be updated. Some familiar ones I see are for example land banking The Profitable Group (Profitable Plots Pte Ltd) and MLM Sunshine Empire Pte Ltd.
A separate list of financial institutions regulated by MAS can be found here.
Always do your homework before you have any dealings with a financial company, especially those from the Investor Alert List.
Caveat emptor.
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