Fraud, Scams & Cybercrime

Anti-Money Laundering

FCA Unveils New 5-year Strategy to Boost Trust in UK Market

By Editors | 29/11/2024

FCA chief operating officer Emily Shepperd said tackling financial crime is one of four pillars of the new strategy.

Fraud, Scams & Cybercrime

FinCEN Joins Task Force on Preventing Fraud and Scams

By Nithya Subramanian | 29/11/2024

The task force. convened by the Aspen Institute, will seek to develop a national strategy for combating fraud and scams.

Fraud, Scams & Cybercrime

UK FCA Faces Criticism Over Consumer Protection Shortfalls

By Thisanka Siripala | 29/11/2024

A parliamentary group released a report based on testimony from 174 respondents collected over two and a half years.

Fraud, Scams & Cybercrime

Singapore Court Commences Nickel Trading Fraud Trial

By Nithya Subramanian | 28/11/2024

Ng Yu Zhi faces charges of fraudulent trading, cheating, forgery and money laundering. The trial is expected to take over 50 days.

Cryptocurrency

Japan FSA Considers Tightening Regulations For Crypto

By Thisanka Siripala | 27/11/2024

The FSA is conducting closed door discussions to explore regulating crypto assets as financial products under the Financial Instruments and Exchange Act.

Fraud, Scams & Cybercrime

MAS Bans Former UOB Representative for 14 Years

By Nithya Subramanian | 27/11/2024

MAS has prohibited Loh Sheng Yang from offering financial advisory and capital markets services after he defrauded 17 victims of over S$1 million.

Conduct, Culture & Accountability

Malaysia: FIMM Reprimands Former Consultants for Misconduct

By Nithya Subramanian | 26/11/2024

The three individuals were found guilty of fabricating pay slips, forging signatures, and neglecting the best interests of investors.

Fraud, Scams & Cybercrime

MUFG Bank Faces Fallout Over Theft by Former Employee

By Thisanka Siripala | 26/11/2024

Over four and a half years, a manager opened the safety deposit boxes of approximately 60 people and stole their assets.

Fraud, Scams & Cybercrime

Korean Court Declares Haru Invest Bankrupt Amid Crypto Fraud

By Nithya Subramanian | 26/11/2024

The ruling paves the way for asset liquidation. A creditors’ meeting is set for February 2025 to chart the recovery process.