Fraud, Scams & Cybercrime

Anti-Money Laundering

India’s ED Arrests Ex-IDFC Bank Staff Involved in INR 6.45bn Fraud

By Nithya Subramanian | 14/05/2026

The former bank employees allegedly used a network of shell companies and forged documents to embezzle government funds in a major money laundering scheme.

Supervision & Enforcement

Malaysia Charges Ex-BNM Shariah Adviser in Trust Case

By Editors | 13/05/2026

Tan Sri Dr Mohd Daud Bakar and a fellow director face seven charges related to the alleged misuse of funds intended for a Shariah-compliant glove manufacturing business.

Anti-Money Laundering

Korea to Crack Down on ‘Tether Laundromat’ Schemes

By Mark Johnston | 13/05/2026

Police will intensify enforcement against unregistered crypto exchanges used to launder criminal proceeds, allocating new resources and partnering with KoFIU.

Anti-Money Laundering

Philippines BSP Mandates Tighter Controls on Digital Payments

By Sanday Chongo Kabange | 12/05/2026

The central bank has clarified that banks retain primary AML liability even when using third-party payment aggregators for merchant services.

Fraud, Scams & Cybercrime

Indonesia, Australia Deepen Ties to Combat 'Systemic' Scam Risk

By Sanday Chongo Kabange | 12/05/2026

OJK reveals over 530,000 fraud cases, outlining a new four-pillar strategy and enhancing cross-border cooperation to tackle the growing threat.

Anti-Money Laundering

AUSTRAC Chief Urges Shift Away From ‘Checklist’ Regulation

By Manesh Samtani | 11/05/2026

AUSTRAC’s CEO says a rules-based approach is failing and has called for deeper public-private partnerships and joint analytics to combat evolving criminal threats.

Fraud, Scams & Cybercrime

Thailand Targets Mule Accounts with New 'Brown' Category

By Editors | 11/05/2026

Authorities are introducing a new classification for suspicious bank accounts and moving to curb the use of youth accounts in financial fraud.

PEPs & Sanctions

New Zealand Sanctions Russian Cyber Actors and Payment Networks

By Manesh Samtani | 08/05/2026

The package targets 20 individuals and entities involved in hybrid warfare, sanctions evasion, and military supply chains supporting Russia’s war in Ukraine.

Supervision & Enforcement

Outgoing ASIC Chair Calls for Ban on Unlicensed Super Communications

By Sanday Chongo Kabange | 08/05/2026

In his final speech, Joe Longo highlighted a tougher enforcement stance and proposed new rules to curb a “conveyer belt of consumer harm” in the superannuation sector.