31st December 2024 – (Hong Kong) The Hong Kong Monetary Authority (HKMA) has issued a warning to the public regarding Saqs Investment, as mentioned on the website https://www.saqsinvestment.com/. The HKMA clarifies that Saqs Investment does not possess the necessary authorizsation under the Banking Ordinance to conduct banking activities or accept deposits within Hong Kong. Additionally, it has not received approval to establish a local representative office.
In light of the internet’s global reach, the HKMA advises individuals to thoroughly verify the legitimacy of any organization offering banking services or soliciting deposits online before transferring funds or sharing personal information.
