Fraud, Scams & Cybercrime

Conduct, Culture & Accountability

Australia Consults on Further Revisions to Tax Agents Code of Conduct

By Sanday Chongo Kabange | 26/09/2024

The revisions aim to address industry concerns about obligations to correct false or misleading statements and disclosures that must be made to clients.

Fraud, Scams & Cybercrime

Telegram Will Share User Data with Law Enforcement Authorities

By Nithya Subramanian | 26/09/2024

Telegram has changed its terms of service to deter criminal abuse, nearly a month after CEO Pavel Durov was arrested in France.

Fraud, Scams & Cybercrime

US Federal Court Jails Former FTX Exec Caroline Ellison

By Nithya Subramanian | 26/09/2024

Caroline Ellison was the former girlfriend and a key witness in the prosecution of FTX founder Sam Bankman-Fried.

Anti-Money Laundering

World Leaders Pledge to Collectively Act Against Financial Crime

By Thisanka Siripala | 25/09/2024

The Pact for the Future, agreed by 143 nations, includes a commitment to ramp up efforts to combat the growing sophistication of financial crime.

Fraud, Scams & Cybercrime

NZ Banking Ombudsman Reports Spike in Scam Complaints

By Thisanka Siripala | 24/09/2024

The Ombudsman has called for mandatory codes of practice, a national anti-scam centre, and stronger compensation measures to protect consumers from evolving fraud tactics.

Fraud, Scams & Cybercrime

Korea Dismantles Mobile Smishing Crime Organisation in Vietnam

By Editors | 24/09/2024

Seven key members of the organisation, including the ringleader, were apprehended. Three have since been repatriated to South Korea.

PEPs & Sanctions

US Arrests Russian Man for Illicit Microelectronics Exports

By Editors | 23/09/2024

Several Hong Kong companies were used to purchase microelectronics from US distributors and export them to Russia.

Anti-Money Laundering

German Authorities Shut Down 47 Cryptocurrency Exchanges

By Nithya Subramanian | 20/09/2024

The crypto exchanges did not carry out identity and background checks on customers and allowed them to conduct financial transactions anonymously.

Fraud, Scams & Cybercrime

US SEC Files First Charges Involving Romance Scams

By Nithya Subramanian | 20/09/2024

In the first charges of this type, the SEC alleges that fraudsters used social to lure investors to fake crypto platforms before stealing their money.