The Securities and Exchange Commission (“SEC or the Commission”) and the Financial Intelligence Centre (FIC or Centre) have become aware of an article circulating on various online and social media platforms regarding a scheme called “FUD betting platform”. The SEC and FIC understand that this platform is being championed by an entity called “FUD-Football” as a financial investment platform and its promoters have made unsubstantiated and misleading statements suggesting that the platform is regulated by the SEC. The statements also claim that the SEC and the FIC have ‘frozen all the platform’s funds to pave way for an investigation into alleged money laundering activities orchestrated by an ‘agency team’.