KUALA LUMPUR: Moomoo has joined the Global Anti-Scam Alliance (GASA) as a Corporate Member, becoming the first wealth-tech and digital investment platform in Southeast Asia to join the global coalition.
As investment activity becomes increasingly digital, scams are also evolving around the investor journey. Fraudsters are using the brands and visual identities of legitimate brokerages to create fake websites, cloned trading applications, fraudulent social media ads, impersonated executives, and fraudulent messaging groups.
Moomoo’s participation in GASA will enable it to contribute relevant insights from this part of the financial ecosystem while collaborating with partners that have visibility over other stages of a scam, from the first contact through a social-media post, phone call or message, to payments and attempted fund transfers.
