Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Thailand Extradites Alleged Leader of Cybercrime Group to Korea

By Mark Johnston | 18/05/2026

The suspect is accused of stealing personal data to drain financial and crypto accounts, with victims including business leaders and K-pop star Jungkook.

Supervision & Enforcement

ASIC Appeals AUD 7 Million Penalty in Cigno, BSF Case

By Editors | 18/05/2026

ASIC has appealed a civil penalty against two firms and their directors, arguing it is insufficient for deterrence and seeks clarification on key legal points.

Trade Based Money Laundering

BB Uncovers BDT 105 Million Trade Finance Fraud at Premier Bank

By Editors | 15/05/2026

Central bank found that a single branch facilitated the fraud scheme using inflated export orders and back-to-back letters of credit.

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.