The International Organization of Securities Commissions (IOSCO) has introduced its new investors alerts portal, a dedicated platform to help combat investment fraud globally.
The International Securities & Commodities Alerts Network (I-SCAN) is a unique global warning system where any investor, online platform provider, bank or institution can check if a suspicious activity has been flagged for a particular company by financial regulators worldwide.
The introduction of I-SCAN forms part of IOSCO’s Roadmap for Retail Investor Online Safety, an initiative which was launched in November last year and which has five waves of activity. The launch of I-SCAN marks the latest activity under Wave Two of this campaign.
The rapid growth of investment fraud shows no sign of abating. With billions being lost every year because of fraudulent activity…
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