Fraud, Scams & Cybercrime

PEPs & Sanctions

US DOJ Shifts Focus to Cartels and Transnational Crime

By Manesh Samtani | 11/02/2025

The DOJ is disbanding Task Force KleptoCapture and changing the way the FCPA and Foreign Agents Registration Act are enforced.

Fraud, Scams & Cybercrime

DOJ Secures Guilty Plea in SEC Case of Social Media Account Hack

By Thisanka Siripala | 10/02/2025

Eric Council Jr admitted to conspiracy to commit aggravated identity theft and access device fraud and is due to be sentenced on 16 May

Fraud, Scams & Cybercrime

Australia Publishes Guide on Scams Prevention Framework

By Manesh Samtani | 09/02/2025

The guide explains the steps banks, telcos and digital platforms would be expected to take to prevent, detect and disrupt scams.

Fraud, Scams & Cybercrime

Europol Leads Global Operation to Dismantle Cybercrime Forums

By Thisanka Siripala | 09/02/2025

Authorities made two arrests, seized 12 domains, and confiscated 17 servers and over 50 electronic devices.

Supervision & Enforcement

Fed Terminates Wells Fargo Enforcement Actions from 2011

By Nithya Subramanian | 07/02/2025

The terminations do not affect the Fed’s 2018 action, which imposed an asset cap that has prevented Wells Fargo from growing.

Fraud, Scams & Cybercrime

Australian Super Advocacy Body Defends Anti-Scam Measures

By Thisanka Siripala | 06/02/2025

ASFA CEO Mary Delahunty says ASIC fails to acknowledge the proactive measures taken by the superannuation sector to tackle scams.

Fraud, Scams & Cybercrime

BSP Issues Draft Rules Authorising FIs to Freeze Suspicious Funds  

By Sanday Chongo Kabange | 06/02/2025

FIs will be able to temporarily hold “disputed funds” while they initiate a process to validate the legitimacy of the transaction.

Fraud, Scams & Cybercrime

Korea FSS Finds $268m of Improper Loans at Three Banks

By Mark Johnston | 05/02/2025

Woori had improper loans totalling KRW 233.4 billion. Staff at KB Kookmin and NH Nonghyup colluded with brokers to issue fraudulent loans.

Payments & Settlements

SEBI Proposes to Assign Unique UPI Handles for Securities Market

By Nithya Subramanian | 04/02/2025

Assigning unique UPI handles to SEBI-registered market intermediaries will allow investors to verify that their payments are going to authorised entities