Fraud, Scams & Cybercrime

    Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.

    Fraud, Scams & Cybercrime

    Dubai Leads Global Sting on Transnational Crypto Fraud Networks

    By Mark Johnston | 15/05/2026

    A coordinated operation involving the UAE, US, and China has led to the arrest of 276 individuals and the closure of nine scam centres engaged in investment and virtual currency fraud.

    Fraud, Scams & Cybercrime

    Special Economic Zones Are Fuelling Regional Cybercrime Industry: Report

    By Manesh Samtani | 15/05/2026

    New policy report urges a strategic shift to targeting the financial enablers of industrial-scale scam operations in Southeast Asia.

    Fraud, Scams & Cybercrime

    Hong Kong Freezes HKD 8.9 Billion in Assets Linked to Prince Group Founder

    By Sanday Chongo Kabange | 15/05/2026

    Hong Kong’s High Court has granted a restraining order against assets tied to alleged fraud, impacting numerous financial accounts.

    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.

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