ADVERTISEMENT
Fraud, Scams & Cybercrime
Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
Fraud, Scams & Cybercrime
Four Arrested in International Operation Against 8Base Ransomware Group
By Thisanka Siripala | 14/02/2025
The international operation involved law enforcement agencies from 14 countries, including the US, UK, Japan, Singapore and Thailand.
Anti-Money Laundering
US Releases Convicted Former Operator of BTC-e in Prison Swap
By Editors | 14/02/2025
Alexander Vinnik was in US custody awaiting sentencing after pleading guilty last year for conspiracy to commit money laundering.
Fraud, Scams & Cybercrime
Australia Passes “World-leading” Scams Prevention Legislation
By Sanday Chongo Kabange | 13/02/2025
The law will introduce mandatory obligations for banks, telcos and social media platforms to prevent, detect and disrupt scams
Fraud, Scams & Cybercrime
Korea’s FSS Expands Probe Into IBK’s Fraudulent Loan Scheme
By Thisanka Siripala | 13/02/2025
Fraudulent loans worth KRW 60 billion have been identified, which is more than double the original estimate when the FSS launched its probe last month.
Fraud, Scams & Cybercrime
US Court Orders ‘My Big Coin’ Founder to Pay $7.6m in Restitution
By Mark Johnston | 12/02/2025
Randall Crater, previously sentenced to serve over eight years in prison, is required to pay victims who were defrauded in the “My Big Coin” scheme.
Fraud, Scams & Cybercrime
US, UK, Australia Sanction Russian Internet Hosting Company
By Editors | 12/02/2025
Russian internet hosting company Zservers and six staff members were sanctioned for facilitating ransomware attacks globally
Fraud, Scams & Cybercrime
CBA, Telstra Expands Fraud Detection Collaboration
By Sanday Chongo Kabange | 12/02/2025
CBA and Telstra’s expanded pact will implement a new anti-scam technology to help protect customers from identity theft.
Supervision & Enforcement
CSRC Revokes Licences of Futures Firm Over “Illegal Activities”
By Editors | 11/02/2025
The CSRC said Hehe Futures failed to effectively manage its subsidiaries and to perform its reporting obligations.
Fraud, Scams & Cybercrime
Tokyo Police Arrest Former Nomura Employee on Fraud Charges
By Thisanka Siripala | 11/02/2025
The former employee offered a false investment story to an elderly customer and defrauded her of JPY 10 million
Cybersecurity
RBI to Boost Security of Cross-border CNP Transactions
By Nithya Subramanian | 11/02/2025
The RBI proposes to require an additional factor of authentication for card-not-present transactions initiated by overseas merchants or acquirers
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.