Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Vietnam Court Sentences Property Tycoon to Death Over $12b Fraud

By Nithya Subramanian | 12/04/2024

Truong My Lan was found guilty of siphoning money from Saigon Joint Stock Commercial Bank and bribing officials to cover up the fraud.

Fraud, Scams & Cybercrime

India’s NSE Cautions Investors of Deep Faked Videos of CEO

By Ajoy K Das | 11/04/2024

The exchange said investors should not follow advice coming from deepfaked videos of its CEO recommending stocks.

Trading & Investment

RBI Calls on Banks to Improve FX Market for Retail Investors

By Ajoy K Das | 11/04/2024

The RBI is concerned about unauthorised FX platforms, inadequate price transparency, and the lack of global participation by Indian players.

Fraud, Scams & Cybercrime

AI Deepfakes: An Insidious Threat and Real Challenge for FIs

By Nithya Subramanian | 11/04/2024

As regulators in Asia-Pacific take a range of approaches to tackle deepfakes, the evolving nature of this threat requires continuous vigilance and proactive measures from FIs.

Fraud, Scams & Cybercrime

Japan Attempts to Tackle Investment Scam Ads on Social Media

By Editors | 11/04/2024

A bill has been submitted to the Diet to implement requirements for social media platform operators to take action against false advertisements.

Fraud, Scams & Cybercrime

Taiwan FSC Calls for Greater Use of Technology to Combat Fraud

By Editors | 10/04/2024

The FSC brought together government agencies as well as the financial, telecommunications, and technology industries to discuss anti-fraud measures.

Fraud, Scams & Cybercrime

Korea: Telecom and Financial Industries Join Forces to Combat Fraud

By Editors | 10/04/2024

Authorities overseeing both industries will quickly share new fraud methods with each other and disseminate this information to individual firms.

Fraud, Scams & Cybercrime

SFC Secures Court Orders Against Former Company CFO

By Sanday Chongo Kabange | 10/04/2024

The former CFO was ordered to pay compensation of HK$163mn, the full amount that was misappropriated by the former chairman.

Fraud, Scams & Cybercrime

Google Sues Crypto Scammers Over Fraudulent Apps

By Nithya Subramanian | 09/04/2024

Google said it is the first tech company to take action against crypto scammers, and that it is doing so as a way to establish legal protections for users.