Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

India to Develop New Surveillance Tool for Crypto & Dark Web

By Manesh Samtani | 26/09/2023

The tool will also contain a comprehensive database of all known crypto exchanges worldwide, along with their contact information, for use in investigations.

Cryptocurrency

HK SFC to Provide Transparency on Crypto Licence Applicants

By Sanday Chongo Kabange | 26/09/2023

The SFC will publish a list of all firms that have applied for a VATP licence and launch other investor education initiatives.

Anti-Money Laundering

US Court Jails Wildlife Trafficker for Rhino Horn Smuggling

By Mark Johnston | 25/09/2023

A Malaysian citizen who conspired to smuggle rhino horns worth USD 2.1 million has been jailed in the US.

Operational Risk

FSS Korea Issues Warning Against Fisheries Cooperatives Federation

By Sanday Chongo Kabange | 24/09/2023

The FSS management cautions and improvement requests to the National Federation of Fisheries Cooperatives for a failed overseas investment.

Fraud, Scams & Cybercrime

SFC Confirms Crypto Firm JPEX Never Approached it About Licensing

By Sanday Chongo Kabange | 22/09/2023

JPEX breached the SFO and AMLO by publishing confidential correspondence with the SFC. Three more arrests have been made.

Fraud, Scams & Cybercrime

Korea: FSS Uncovers More Embezzled Funds at BNK Kyongnam Bank

By Editors | 21/09/2023

The FSS determined that around $223mn was embezzled by a bank employee, more than five times the amount initially reported.

Cybersecurity

HK Cyberport Data Breach Prompts Discussions of New Cybersecurity Law

By Editors | 21/09/2023

An estimated 400 gigabytes of data was compromised, including the personal information of Cyberport staff and several startups.

Supervision & Enforcement

FATF, INTERPOL Host Second Ever Joint Engagement on Asset Recovery

By Manesh Samtani | 21/09/2023

FATF president T Raja Kumar said there needs to be a major mindset and culture shift to focus on asset recovery as a national law enforcement priority.

Fraud, Scams & Cybercrime

HK Police Force Hosts First-ever Cyber Policing Symposium

By Editors | 20/09/2023

Hong Kong and Mainland officials called for greater cross-border cooperation between law enforcement agencies to deal with cybercrime threats.