SC blocks another Swisscash website


  • Nation
  • Friday, 14 Sep 2007

KUALA LUMPUR: As part of its efforts to combat illegal investment schemes, the Securities Commission (SC), together with the Malaysian Communications and Multimedia Commission, and CyberSecurity Malaysia, has blocked access to a new Swisscash website which offers an illegal investment scheme promoted by Swiss Mutual Fund.  

The website, www.swisscashguide. com, recently surfaced on the Internet. 

This brings to four the number of websites related to Swisscash that have been blocked.  

Earlier in June, the SC blocked three such websites namely www. swisscash.net, www.swisscash.biz and www.swissmutualfund.biz. 

In a press statement yesterday, the SC reminded investors that neither Swiss Mutual Fund nor Swisscash are licensed by the SC.  

It said the activities of Swiss Mutual Fund/Swisscash had also been declared illegal in several other countries such as Jamaica and China.  

The commission said it would continue to take all measures to combat investment scams, including blocking access to more websites, and taking appropriate enforcement action against its operators and agents.  


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