Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Grab Wins Best Digital Fraud Detection and Identity Authentication Solution

By Editors | 04/11/2024

GrabDefence, Grab’s Risk Technology solution, was awarded Best Digital Fraud Detection and Identity Authentication Solution at the 7th Regulation Asia Awards for Excellence 2024

Fraud, Scams & Cybercrime

LexisNexis ThreatMetrix Wins Best Anti-Fraud Solution at 2024 Regulation Asia Awards

By Editors | 04/11/2024

LexisNexis ThreatMetrix has been awarded Best Anti-Fraud Solution at the 7th Regulation Asia Awards for Excellence 2024.

Structural Regulation

HKAB Receives High Commendation as Industry Association at 2024 Regulation Asia Awards

By Editors | 04/11/2024

HKAB was Highly Commended in the Industry Association of the Year category at the 7th Regulation Asia Awards for Excellence 2024.

Fraud, Scams & Cybercrime

Global Operation Dismantles Major Malware Operations: Eurojust

By Nithya Subramanian | 02/11/2024

Authorities shut down servers and seized domains linked to RedLine and META, which stole personal data from millions of victims worldwide.

Fraud, Scams & Cybercrime

FTX’s Former Engineering Director Spared Prison Time

By Nithya Subramanian | 01/11/2024

Nishad Singh has avoided prison time after cooperating with prosecutors. But the court has ordered him to pay $11bn in restitution.

Operational Risk

OJK Issues New Regulation on Bank Financial Reporting

By Editors | 01/11/2024

Banks have 3 months to implement financial reporting controls and 6 months to assign responsibility for preventing fraud or manipulation in financial reports.

PEPs & Sanctions

UK, EU, Canada Announce New Sanctions Targeting Myanmar Military

By Editors | 31/10/2024

The sanctions target those supplying aviation fuel to Myanmar’s military in response to airstrikes against civilians, as well as scam operations in the country.

Conduct, Culture & Accountability

UK FCA Sets Priorities and Expectations for Retail Banks in 2025

By Nithya Subramanian | 30/10/2024

Dear CEO letter highlights the consumer duty, operational resilience, fraud and financial crime, and sustainable finance as key focus areas for retail banks.

Fraud, Scams & Cybercrime

Bangladesh Bank Governor Alleges $17b State-Linked Bank Fraud

By Nithya Subramanian | 30/10/2024

Ahsan H Mansur alleged that Alam Group siphoned off $10bn from the banking system with help from the country’s military intelligence agency.