Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

India, FBI Arrest 43 in Joint Operation Against Cybercrime Network

By Ajoy K Das | 30/07/2024

The cyber-enabled financial crime network operated in multiple countries and is estimated to have defrauded people of over $20mn.

Fraud, Scams & Cybercrime

Australia: Industry Body Launches ‘Online Scams Code’ for Tech Firms

By Sanday Chongo Kabange | 29/07/2024

The Code was introduced by DIGI as a “proactive initiative” to fast-track consumer protection measures ahead of mandatory codes being introduced in Australia.

Anti-Money Laundering

UK Launches Data Sharing Project to Tackle Organised Crime

By Editors | 29/07/2024

Seven UK banks will share information on customers with the NCA if certain markers of potential criminal behaviour are met.

Fraud, Scams & Cybercrime

Paris Court Orders Crédit Lyonnais to Compensate Scam Victim

By Editors | 28/07/2024

Crédit Lyonnais, a subsidiary of Crédit Agricole, was ordered to pay compensation to a customer who was scammed with fraudulent invoices.

Fraud, Scams & Cybercrime

Russian Actors ‘Ubiquitous’ in Global Crypto Crime: TRM Labs

By Editors | 27/07/2024

Sanctioned Russia-based crypto exchange Garantex accounted for 82% of crypto transactions associated with all sanctioned entities internationally in 2023.

Fraud, Scams & Cybercrime

US, UK, South Korea Warn of DPRK Espionage Campaign

By Editors | 26/07/2024

Joint advisory says North Korean hacker group ‘Andariel’ is a threat to entities in the US, UK, South Korea, Japan and India.

Fraud, Scams & Cybercrime

HSBC Australia Blocks Payments to Crypto Exchanges

By Editors | 26/07/2024

The decision was made in light of data showing that Australians lost up to A$171mn in investment scams in 2023.

Fraud, Scams & Cybercrime

Philippines Announces Total Ban on Offshore Gaming Operators

By Mark Johnston | 25/07/2024

The ban announced by the President will impact more than 400 POGOs, most of which are unlicensed and operate underground.

Market Abuse

ASIC Charges Four in Telegram ‘Pump and Dump’ Case

By Sanday Chongo Kabange | 24/07/2024

Four individuals coordinated to select penny stock targets and announced those targets in a public Telegram group named the ‘ASX Pump and Dump Group’.