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Fraud, Scams & Cybercrime
Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
Fraud, Scams & Cybercrime
UK Companies House Probes Erroneous Filings in Corporate Register
By Editors | 08/03/2024
Companies House this week gained new powers that allow it greater powers to query information and request supporting evidence.
Fraud, Scams & Cybercrime
Montenegro Court Halts Extradition of Terra’s Do Kwon to US
By Sanday Chongo Kabange | 06/03/2024
Do Kwon’s case will be retried because of procedural issues over who between the US and South Korea was first to request his extradition.
Supervision & Enforcement
SFC, HKEX Jointly Take Action Against GEM-Listed Firm
By Sanday Chongo Kabange | 06/03/2024
Two former directors misappropriated assets by paying an IPO consultant who subsequently rerouted the funds back to the directors.
Anti-Money Laundering
Singapore Shell Companies Linked to Illicit Activity in India
By Nithya Subramanian | 06/03/2024
India’s Enforcement Directorate has uncovered a web of money laundering activities involving the use of shell companies from Singapore.
Fraud, Scams & Cybercrime
Australia: NASC Warns of Deepfake Celebs Promoting Scams
By Sanday Chongo Kabange | 06/03/2024
Fake news articles and deepfake videos are being used to convince people to make online investments that turn out to be scams.
Cryptocurrency
Taiwan to Propose Draft Crypto BIll in September
By Mark Johnston | 05/03/2024
The bill aims to create comprehensive regulations for the crypto industry, improve investor protections, and address risks to the traditional financial system.
Fraud, Scams & Cybercrime
Australia: CBA Users Critical of Limits on Crypto-related Transfers
By Sanday Chongo Kabange | 05/03/2024
The A$10,000 monthly limit is intended to keep customers safe from fraud and scams, the bank said.
Fraud, Scams & Cybercrime
SFC Issues More Warnings About Suspected Crypto Frauds
By Sanday Chongo Kabange | 05/03/2024
BitForex, which disappeared with users’ funds last month, was added to the alert list, along with suspicious websites impersonating HashKey and OSL.
Fraud, Scams & Cybercrime
ASIC Shuts Down 3,500 Investment Scam Websites
By Nithya Subramanian | 05/03/2024
ASIC has broadened its focus to ensure that banks and superannuation trustees protect members from scammers, said Joe Longo.
Fraud, Scams & Cybercrime
Singapore Police Warns Against Fund Recovery Services Scams
By Nithya Subramanian | 04/03/2024
Since January 2024, at least 29 cases have been reported with losses amounting to at least S$1.2mn, the SPF said.
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