Fraud, Scams & Cybercrime

    Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.

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    Fraud, Scams & Cybercrime

    Austal and Australian Parent Settle US Fraud Charges for $24m

    By Editors | 28/08/2024

    Austal manipulated its financial results to avoid falling short of analyst expectations and mislead shareholders, the SEC and DOJ said.

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    Fraud, Scams & Cybercrime

    French Prosecutors File Charges Against Telegram CEO

    By Editors | 28/08/2024

    A French court ruled that there were grounds to formally investigate Pavel Durov, releasing him on bail and ordering him to remain in France.

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    Fraud, Scams & Cybercrime

    Westpac to Expand Anti-Scam Feature to Institutional Clients

    By Sanday Chongo Kabange | 28/08/2024

    Westpac’s institutional and government clients will be able to run a check on payee details before making payments.

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    Fraud, Scams & Cybercrime

    Crypto Founder Pleads Guilty for Defrauding Investor

    By Editors | 28/08/2024

    CluCoin founder Austin Michael Taylor used $1.14mn of investor funds at online casinos and “lost these investor funds to gambling”.

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    Fraud, Scams & Cybercrime

    Australia Passes Legislation for SMS Sender ID Register

    By Sanday Chongo Kabange | 27/08/2024

    The register will allow telcos to block messages being sent under a brand name that don’t correspond with the legitimate sender.

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    Fraud, Scams & Cybercrime

    Thailand Extradites Crypto Fraud Suspect to China

    By Editors | 27/08/2024

    The Malaysian national is the first suspect to be sent from Thailand to China under an extradition treaty that took effect in 1999.

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    Fraud, Scams & Cybercrime

    Japan Strengthens Measures to Prevent Fraudulent Use of Bank Accounts

    By Manesh Samtani | 26/08/2024

    The FSA and National Police Agency have asked FIs to implement enhanced measures to prevent the fraudulent use of bank accounts.

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    Fraud, Scams & Cybercrime

    Philippine Police Arrest 99 in Scam Centre Dawn Raid

    By Manesh Samtani | 26/08/2024

    The scam centre was identified by an informant, prompting an undercover officer to infiltrate the operation to collect evidence for the search warrant.

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    Fraud, Scams & Cybercrime

    French Police Arrests Telegram Chief Executive Pavel Durov

    By Editors | 26/08/2024

    French authorities allege a lack of moderation on Telegram to prevent criminal use, and failure to cooperate with law enforcement in criminal cases.

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    Fraud, Scams & Cybercrime

    Korean Financial Institutions Launch Credit Transaction Blocking Service

    By Editors | 24/08/2024

    Consumers can register for a financial system-wide block on credit transactions to protect their accounts from being used for fraudulent loans.

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