Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Feedzai Wins Best Use of AI for Fraud and Financial Crime Prevention

By Editors | 11/11/2024

Feedzai’s RiskOps was awarded Best Use of AI for Fraud and Financial Crime Prevention by a technology vendor at the 7th Regulation Asia Awards for Excellence 2024.

Fraud, Scams & Cybercrime

Interpol-led Operation Takes Down Thousands of Servers Liked to Cybercrime

By Nithya Subramanian | 07/11/2024

Hong Kong Police took more than 1,037 servers offline, while Macau Police took down 291 servers as part of Operation Synergia II.

Fraud, Scams & Cybercrime

Australia Introduces “Landmark” Anti-Scam Legislation to Parliament

By Sanday Chongo Kabange | 07/11/2024

The bill will establish a ‘scams prevention framework’ and introduce certain mandatory obligations for banks, telcos and social media platforms.

Fraud, Scams & Cybercrime

ABA and Westpac Launch New Toolkit to Combat Financial Abuse

By Thisanka Siripala | 07/11/2024

The new “Safety by Design” toolkit will help banks ensure their products and services are designed to better safeguard customers from financial abuse.

Anti-Money Laundering

Singapore Court Jails Former Company Director for Money Laundering

By Nithya Subramanian | 07/11/2024

The former director allowed a Chinese money laundering syndicate to use company accounts in Singapore to receive proceeds of criminal conduct.

Fraud, Scams & Cybercrime

Taiwan Showcases Financial Sector’s New Anti-Fraud Tech Projects

By Editors | 07/11/2024

The initiatives include a joint learning project aimed at enhancing the accuracy of fraud detection models, and the use of telco data to help identify payment and remittance fraud.

Fraud, Scams & Cybercrime

US Charges Chinese Hedge Fund Manager for Stealing Trade Secrets

By Nithya Subramanian | 06/11/2024

Xiao Zhang allegedly stole code, projects and research from the US investment firm employing him with the intent of establishing his own operation in China.

Custody & Infrastructure

Crystal Intelligence Highly Commended for Blockchain Analytics & Investigations Solution

By Editors | 05/11/2024

Crystal Intelligence Highly Commended in the Blockchain Analytics & Investigations Solution at the 2024 Regulation Asia Awards for Excellence

Fraud, Scams & Cybercrime

Bank of Singapore Recognised for Use of AI in Fraud and Financial Crime Prevention

By Editors | 04/11/2024

Bank of Singapore’s AI-driven fraud prevention solution was highly commended in the category of Best Use of AI for Fraud and Financial Crime Prevention _by a Ban_k at the 7th Regulation Asia Awards for Excellence 2024