Fraud, Scams & Cybercrime

Supervision & Enforcement

HKEX Replaces Auditor PwC With KPMG Amid Evergrande Fallout

By Editors | 06/05/2026

HKEX shareholders have approved the appointment of KPMG as auditor, a direct consequence of regulatory penalties against PwC for its work on China Evergrande.

Trading & Investment

India Unlikely to Allow Banks, Insurers to Trade Commodity Derivatives: SEBI

By Editors | 06/05/2026

SEBI chairman says the central bank and insurance authority are not inclined to permit their regulated entities to invest in commodity derivatives.

Fraud, Scams & Cybercrime

MAS Trials Pooled Bank Data for AI-Powered Scam Detection

By Nithya Subramanian | 05/05/2026

The proof-of-value initiative will test data-sharing approach to improve scam detection and enable earlier intervention across institutions.

Anti-Money Laundering

India’s ED Pivots to Crypto and Cybercrime Amid Enforcement Surge

By Editors | 05/05/2026

The Enforcement Directorate is shifting its focus to crypto and cybercrime, following a sharp increase in enforcement actions in the 2025-26 financial year.

Fraud, Scams & Cybercrime

India’s FinMin Directs Banks to Adopt 'MuleHunter' AI Tool

By Nithya Subramanian | 04/05/2026

The direction was issued following a major cyber-fraud probe that exposed widespread misuse of mule accounts, including alleged involvement of bank staff, as authorities step up coordination to curb digital financial crime.

Fraud, Scams & Cybercrime

Sri Lanka Treasury Heist Probe Widens Amid Second Fraud, Official’s Death

By Manesh Samtani | 04/05/2026

The USD 2.5 million cyber heist revealed deep-seated vulnerabilities and a second, similar fraud at another state entity.

Operational Risk

HKMA Annual Report Sets Key Priorities for 2026

By Manesh Samtani | 04/05/2026

The report highlights Hong Kong's resilience in 2025 and set a forward-looking agenda focused on technology risk, digital assets, and financial crime.

Fraud, Scams & Cybercrime

Indonesian Agritech Founder Jailed in USD 300 Million Fraud Case

By Manesh Samtani | 03/05/2026

The verdict concludes a high-profile scandal that has triggered widespread scrutiny over due diligence standards in Southeast Asia’s venture capital markets.

Fraud, Scams & Cybercrime

Korea Probes KRW 100 Billion Loan Fraud at Savings Banks

By Editors | 01/05/2026

The regulator has launched an industry-wide inspection after two savings banks were defrauded using fake auto parts invoices.