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Fraud, Scams & Cybercrime
Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
Conduct, Culture & Accountability
Australia to Simplify, Enhance Financial Advice Rules
By Mark Johnston | 11/12/2023
The reforms aim to make financial advice more accessible, affordable and safe for consumers.
PEPs & Sanctions
US, UK, Canada Announce Coordinated Human Rights Sanctions
By Editors | 11/12/2023
The US targeted individuals across nine countries; the UK sanctions included targets involved in forced ‘scam farm’ labour in Cambodia, Laos and Myanmar.
PEPs & Sanctions
US and UK Sanction Russians Tied to Election Hacking
By Editors | 08/12/2023
The individuals are accused of targeting UK politicians and think tanks, among others, in a long-running spear-phishing campaign on behalf of Russia’s Federal Security Service.
Fraud, Scams & Cybercrime
HK SFC Adds Two New Suspicious VATPs on Alert List
By Sanday Chongo Kabange | 07/12/2023
The SFC has warned the public to be wary of two suspicious VATPs – HongKongDAO and BitCuped – and asked the police to block them.
PEPs & Sanctions
US Government Offers Bounty for Russian National Accused of Sanctions Busting
By Editors | 06/12/2023
US government offers USD 7 million reward for individual accused of smuggling sensitive technology to Russia and money laundering via a German trading company.
Fraud, Scams & Cybercrime
Australian Court Orders OnePath Custodians to Pay A$5m Penalty
By Editors | 03/12/2023
OnePath Custodians made false or misleading representations and deducted fees from members for advice services they did not receive.
Fraud, Scams & Cybercrime
UK Secures Pledges from Global Tech Firms to Tackle Online Fraud
By Sanday Chongo Kabange | 01/12/2023
Signatories pledge to block and remove fraudulent material from their platforms and services and to work closely with law enforcement.
PEPs & Sanctions
OFAC Sanctions Individuals Linked to Mexican Timeshare Frauds
By Editors | 01/12/2023
OFAC says the newly sanctioned individuals and entities are linked to timeshare frauds led by a Mexican drug cartel.
Fraud, Scams & Cybercrime
Australian Government Consults on Scams Code Framework
By Manesh Samtani | 30/11/2023
The framework sets out the responsibilities of banks, telcos and digital platforms to prevent, detect, disrupt, and respond to scams.
Cybersecurity
Indian Government Asks Banks to Ramp Up Cybersecurity Measures
By Ajoy K Das | 29/11/2023
A meeting with banks and payments firms was convened by federal authorities in the wake of recent disruptions at Uco Bank and Bank of Baroda
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