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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
Taiwan Digital Ministry Announces New Anti-Fraud Measures
By Editors | 09/09/2023
The plan targets the e-commerce, third-party payments, and electronic game industries. Lawmakers say the plan does not meet expectations.
Fraud, Scams & Cybercrime
Turkish Court Sentences Crypto Founder to 11,000 Year Jail Term
By Mark Johnston | 08/09/2023
The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.
Fraud, Scams & Cybercrime
US, UK Jointly Sanction Trickbot Ransomware Actors
By Editors | 08/09/2023
The US and UK sanctioned 11 members of the Russia-based cybercrime gang. The DOJ unsealed indictments against 9 individuals, including 7 of the sanctions targets.
Fraud, Scams & Cybercrime
Seoul Prosecutors Seek Warrants to Arrest for Former Fund Execs
By Editors | 07/09/2023
Former senior executives of Discovery Asset Management are accused of violating the Capital Market Act, making unfair gains, and improperly diverting investor funds.
Payments & Settlements
Trade Bodies Call on Industries to Adopt eBL Declaration
By Editors | 06/09/2023
The declaration signals a commitment to collaborate on digitalisation and adopt eBLs, which will enable faster transactions, cost savings, and lowered fraud risks.
PEPs & Sanctions
US, Korea, Japan Announce New DRPK Sanctions
By Editors | 01/09/2023
The three countries pledged to continue working together to counter North Korea’s destabilising activities, including weapons development and cyber attacks.
Fraud, Scams & Cybercrime
Korea Reopens Investigations into Handling of Lime Funds
By Editors | 31/08/2023
Search and seizure operations were carried out at two securities firms on Thursday. Additional inspections at a third firm.
Fraud, Scams & Cybercrime
UN Report Calls for Action to Address Scam Operations in Southeast Asia
By Sanday Chongo Kabange | 30/08/2023
The report says people who are forced to work in scamming operations endure “inhumane treatment” and should be treated as victims, not criminals.
Fraud, Scams & Cybercrime
Indian Banks Working on New Industry Platform to Combat Fraud – Report
By Editors | 30/08/2023
The platform will enable banks to share real-time information that can be used to stop digital fraud and trace the funds.
Fraud, Scams & Cybercrime
UK Proposes Blanket Ban on Cold Calls for Financial Services
By Editors | 30/08/2023
The ban on cold calling, as proposed, would cover banking, payments, insurance, mortgages, various tangible investments, and cryptoassets.
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