Fraud, Scams & Cybercrime

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.

Anti-Money Laundering

FSS Korea Imposes New Rules on Payment Gateway Virtual Accounts

By Editors | 01/05/2026

Payment gateway firms will be required to conduct customer due diligence and monitor merchants to curb money laundering and fraud.

Fraud, Scams & Cybercrime

South Korea Bolsters Fight Against Illegal Predatory Lending

By Mark Johnston | 01/05/2026

Regulators have amended reporting rules and expanded powers to block phone numbers used by illicit lenders, building on a new one-stop support system for victims.

Fraud, Scams & Cybercrime

Digital Innovation Poses Risks to Consumer Financial Health: BIS Paper

By Manesh Samtani | 01/05/2026

New paper warns that the benefits of digital finance are emerging alongside new vulnerabilities, highlighting the crucial role of regulators.

Anti-Money Laundering

Hong Kong to Expand AML Information Sharing Platform to All Retail Banks

By Sanday Chongo Kabange | 30/04/2026

The FINEST platform will be rolled out to all 28 retail banks by June 2026, as part of a wide-ranging regulatory agenda unveiled by the HKMA.