Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

US Targets Foreign Cybercrime Havens in New Executive Order

By Manesh Samtani | 10/03/2026

Order directs agencies to pursue transnational criminals and warns nations harbouring them of sanctions and other penalties.

Fraud, Scams & Cybercrime

Cambodia Reiterates Commitment to Eradicating Online Scams by April

By Nithya Subramanian | 10/03/2026

Cambodia is drafting new laws that will hold responsible those who rent houses to perpetrators or provide infrastructure to scam syndicates.

Fraud, Scams & Cybercrime

FSS Korea Announces 2026 Work Plan to Combat Financial Crime

By Manesh Samtani | 10/03/2026

FSS details its plan to combat fraud, including potential no-fault liability for financial institutions and enhanced AML supervision.

Fraud, Scams & Cybercrime

Korea's Only Listed Savings Bank Faces Delisting Review After Embezzlement Scandal

By Sanday Chongo Kabange | 09/03/2026

Trading in Pureun Savings Bank was halted after a former executive allegedly embezzled KRW 9.9 billion, prompting a regulatory probe and raising internal control concerns.

Fraud, Scams & Cybercrime

SEBI Launches Voluntary Debit Freeze Facility for Mutual Fund Investors

By Nithya Subramanian | 09/03/2026

SEBI introduces a voluntary debit freeze for MF folios, allowing investors to block unauthorised withdrawals, enhance security, and maintain control over inflows and long-term holdings.

Fraud, Scams & Cybercrime

Australia NASC Reports on Success of 'Romance Scam Fusion Cell'

By Sanday Chongo Kabange | 09/03/2026

Report details new frameworks trialled by banks and digital currency exchanges to identify and block funds destined for romance scammers.

Fraud, Scams & Cybercrime

RBI Consults on Compensation Framework for Digital Payment Fraud

By Nithya Subramanian | 09/03/2026

RBI proposes draft guidelines for digital fraud compensation, offering one-time reimbursement up to INR 25,000, shared bank liability, and requiring customers to report fraud within five days.

Fraud, Scams & Cybercrime

Global Police Operation Shuts Down LeakBase Financial Data Market

By Editors | 09/03/2026

A 14-nation effort dismantled a major online marketplace for stolen data, with Malaysian authorities seizing key servers as part of the coordinated takedown.

Fraud, Scams & Cybercrime

BSP Directs Banks to Shift to Biometrics, Phases Out SMS OTPs

By Sanday Chongo Kabange | 09/03/2026

New draft rules require banks to adopt server-side biometrics for high-risk transactions to combat fraud, linking compliance to liability.