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Fraud, Scams & Cybercrime
Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
Cryptocurrency
New Zealand: Collapsed Crypto Firm Reported to FMA, SFO
By Sanday Chongo Kabange | 22/08/2023
Grant Thornton has contacted regulators about a NZ$6.3 million shortfall between reported user holdings and the digital assets held by collapsed crypto firm Dasset.
Fraud, Scams & Cybercrime
India Tightens Rules on SIM Card Registration to Combat Fraud
By Editors | 22/08/2023
India’s one million SIM card dealers will have to undergo a mandatory verification and registration process within one year.
Fraud, Scams & Cybercrime
China, Thailand, Myanmar, Laos Launch Joint Police Operation
By Editors | 22/08/2023
Police from the four countries have launched a special joint operation to crack down on illegal gambling, fraud, human trafficking and other crimes.
Anti-Bribery & Corruption
Taiwan Sentences Corrupt Official to 8 Years in Prison
By Editors | 18/08/2023
The official committed property fraud, document forgery, money laundering, and accepted bribes in the form of cash, banquets and sexual entertainment.
Fraud, Scams & Cybercrime
ATO Has Stopped A$2.7b in Fraudulent GST Claims
By Editors | 17/08/2023
Fraudulent GST claims have led to more than 100 arrests, 10 convictions, and compliance actions taken against as many as 56,000 people.
Cybersecurity
Bangladesh Defends Against Nationwide Cyber Attacks
By Mark Johnston | 17/08/2023
Several warnings were issued in the lead-up to Tuesday’s attacks. 25 public and private institutions are reported to have been breached.
Market Abuse
Korea to Crack Down on Financial Crime Involving Capital Markets
By Editors | 16/08/2023
The FSS and National Office of Investigation have signed an MoU to strengthen cooperation on illegal activities in the capital market.
Anti-Money Laundering
US Prosecutors File Amended Indictment Against Sam Bankman-Fried
By Editors | 15/08/2023
The new indictment drops a campaign finance charge but includes an illegal campaign finance scheme as part of original fraud and money laundering charges.
Fraud, Scams & Cybercrime
FSS Korea Probes Daegu Bank for Unauthorised Account Opening
By Mark Johnston | 14/08/2023
South Korea’s FSS has launched an emergency inspection on Daegu Bank over suspected unauthorised securities account opening.
Fraud, Scams & Cybercrime
US Judge Revokes Bankman-Fried Bail for Witness Tampering
By Editors | 13/08/2023
Sam Bankman-Fried gave documents to journalists and tried to interfere with witnesses. He was taken to jail on Friday.
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