Fraud, Scams & Cybercrime

PEPs & Sanctions

OFAC Sanctions Chinese Cybersecurity Company and Employee

By Editors | 11/12/2024

OFAC said the employee was responsible for deploying malware to 81,000 firewalls owned by thousands of businesses worldwide in April 2020.

Fraud, Scams & Cybercrime

US Regulator Places Google Payment Corp Under Supervision

By Thisanka Siripala | 11/12/2024

Google Payment Corp says the consumer complaints cited by the CFPB are based on a discontinued service that no longer poses a risk.

Fraud, Scams & Cybercrime

Australia ACMA to Collaborate with UK Ofcom on Combatting Scams

By Sanday Chongo Kabange | 08/12/2024

The ACMA and Ofcom will collaborate and share information to tackle the “pervasive scourge” of spam and scam communications.

Fraud, Scams & Cybercrime

Australian Lawmakers Call for Reforms to Address Financial Abuse

By Thisanka Siripala | 07/12/2024

Parliamentary report calls for legislative reforms and for FIs to play a proactive role in identifying and supporting individuals facing financial abuse

Fraud, Scams & Cybercrime

Hong Kong Banks to Extend Fraud Alerting Service to ATMs

By Manesh Samtani | 06/12/2024

Starting from 8 December 2024, 22 participating banks will gradually implement the alert mechanism at their ATMs.

Conduct, Culture & Accountability

Nomura Announces Measures to Address Unethical Behaviour by Staff

By Thisanka Siripala | 05/12/2024

Ten executives will take pay cuts and staff monitoring will be enhanced after a former employee was indicted on attempted murder charges.

Fraud, Scams & Cybercrime

Australia Directs ACMA to Operate ‘Mandatory’ SMS Sender ID Register

By Sanday Chongo Kabange | 05/12/2024

The ACMA is directed to develop an enforceable industry standard for a mandatory ‘SMS Sender ID Register’ to protect against scams.

Fraud, Scams & Cybercrime

Mitsubishi Reports $90m Loss from Rogue Copper Trader at China Unit

By Nithya Subramanian | 04/12/2024

Mitsubishi Corp said that a Shanghai-based trader made unauthorised transactions with local businesses that defaulted on their payments.

Trading & Investment

Thai Stock Exchange Unveils New Three-year Strategic Roadmap

By Editors | 04/12/2024

The roadmap includes a value-creation platform for listed companies, extended trading hours for certain products, and a platform enabling retail access to government bonds.