Page 21 - Unlicensed Digital Investment Schemes (UDIS)

ANNEX A
Questionnaire

1) Which regulators have the legal authority to investigate, intervene and shut down unlicensed
investment schemes in the country?
2) What are the limitations of their mandate(s)?
3) What activities are consistently taken to monitor markets?
4) Is there a procedure to make government aware of an existing UDIS suspected to be a fraud?
5) What is government protocol when it is made aware of an existing UDIS?

6) Is any information being aggregated on these unlicensed schemes annually?
7) How does a typical fraudulent scheme behave?
8) Are DFS providers setting parameters to flag suspicious flows of funds which could be linked to UDIS?
Does the law require this?
9) Are consumer awareness campaigns conducted?
10) Do you believe this problem needs new solutions and if so, what could help in monitoring or prevention?

Unlicensed Digital Investment Schemes (UDIS) • 19