TriumphFX has received a second investment fraud warning from Indonesian authorities.

As per a
May 21st announcement
, the OJK noted;

During April 2022, the Investment Alert Task Force again found 7 entities that made investment offers without permits.

Two of those entities were found to be “conducting forex and robot trading activities without permission”.

TriumphFX
runs a passive returns forex bot investment scheme, so I believe that’s the category they
fell under
:

This is the equivalent of a securities fraud warning in other jurisdictions.

While the OJK is Indonesia’s top financial regulator, it notes it’s “not a law enforcement officer so it cannot carry out legal processes.”

The handling of illegal investments is carried out jointly by all members of the Investment Alert Task Force from 12 Ministries/Institutions.

In addition to stopping and announcing to the public, the Investment Alert Task Force also blocks websites/websites/applications and submits information reports to the Criminal Investigation Unit of the Police.

TriumphFX was
banned nationwide
by Indonesia’s Commodity Futures Trading Regulatory Agency last year.

SimilarWeb currently ranks top sources of traffic to TriumphFX’s website as Malaysia 79%, the UK (7%) and Singapore (16%).

Singapore issues a
TriumphFX securities fraud warning
last August.

Despite being the center of TriumphFX promotion for years, to date Malaysian authorities have taken no action.

TriumphFX is run by
scammers from Singapore
, likely with additional ties Malaysia.

🤖 Quick Answer

What investment fraud warning did TriumphFX receive from Indonesia?
TriumphFX received a second investment fraud warning from Indonesia's OJK financial regulator in May 2022. The OJK identified TriumphFX among seven entities conducting investment activities without permits, specifically operating a passive returns forex bot investment scheme without proper authorization, equivalent to securities fraud in other jurisdictions.

What is the role of Indonesia's OJK in handling illegal investments?
Indonesia's OJK functions as the top financial regulator but explicitly states it is not a law enforcement officer and cannot conduct legal processes independently. The handling of illegal investments is executed jointly by all members of the Investment Alert Task Force, requiring coordinated efforts across multiple authorities.

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