Fraud, Scams & Cybercrime

Data Privacy

Singapore Reviewing Incident Involving Exposed NRIC Numbers

By Editors | 09/01/2025

500,000 queries were made over the five days when NRIC numbers were exposed. It is not known how many NRIC numbers were disclosed, or whether computer bots were used.

Anti-Money Laundering

China FX Regulator Directs Banks to Ramp Up Risk Monitoring

By Manesh Samtani | 08/01/2025

Banks are asked to monitor for and report illegal cross-border financial activities involving underground banks, cross-border gambling, and virtual currencies

Fraud, Scams & Cybercrime

SFC Imposes Lifetime Ban on Former StanChart Insurance Rep

By Sanday Chongo Kabange | 08/01/2025

Chan Ka Him induced two clients to transfer funds to a bank account he controlled on the pretence that they would be used to settle premium payments

Fraud, Scams & Cybercrime

Singapore Passes Law to Give Police Stronger Anti-Scam Powers

By Manesh Samtani | 08/01/2025

The law allows the police to issue restriction orders to prevent bank account holders from making transfers to scammers.

PEPs & Sanctions

OFAC Sanctions Chinese Firm for Supporting Hacker Group

By Editors | 06/01/2025

OFAC said the cybersecurity firm, by supporting a Chinese state-sponsored hacker group, was complicit in activities that threatened US national security

Payments & Settlements

India to Implement Payee Name Checking on RTGS, NEFT by April

By Editors | 05/01/2025

Banks have until 1 April 2025 to implement the beneficiary account name look-up facility for RTGS and NEFT transfers.

PEPs & Sanctions

South Korea Imposes Sanctions Against DPRK IT Workers

By Editors | 03/01/2025

The sanctions target IT workers who have been earning foreign currency for the North Korean government

Fraud, Scams & Cybercrime

Do Kwon Appears in US Court Following Extradition from Montenegro

By Manesh Samtani | 03/01/2025

Terraform Labs co-founder Do Kwon appeared in court on Thursday, ending more than 18 months of uncertainty about his extradition.

Fraud, Scams & Cybercrime

Vietnam Launches Nationwide Campaign Against Online Fraud

By Editors | 01/01/2025

Measures include developing an interagency coordination model and enhancing account verification, Internet banking security, and controls on crypto-related transactions.