Filipino expats warned about investment scams

123 RF/ kritchanut

Filipino expats in the UAE are being warned to double check where they're investing their money.

The country's embassy has issued a public advisory against more than 30 firms that they say are illegally soliciting funds.

According to the warning, the companies are not licensed or authorised to handle money and help resident invest.

People who invite or recruit others to join and invest can also be criminally liable.

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