Fraud, Scams & Cybercrime

Cryptocurrency

Accounting Firms Face Potential Liabilities in Crypto Audits: SEC Official

By Manesh Samtani | 30/07/2023

SEC Chief Accountant warns accounting firms of potential legal liabilities when auditing crypto firms, stressing the importance of auditor independence.

Anti-Money Laundering

KoFIU is Ramping Up Efforts to Combat Crypto-related Crime

By Manesh Samtani | 30/07/2023

KoFIU will strengthen inspections, impose sanctions for violations, and disclose the results of investigations to promote legal compliance.

Fraud, Scams & Cybercrime

Taiwan Telecoms Fined for Failing to Prevent Exploitation by Scammers

By Sanday Chongo Kabange | 28/07/2023

Taiwan Star and Strait-Telecom were fined for failing to check and verify the identities of service applicants, a breach of the Telecommunications Management Act.

Anti-Money Laundering

Korea Establishes Interagency Investigative Team for Crypto

By Manesh Samtani | 27/07/2023

Until new rules for the crypto sector come into force in 2024, the new investigative team will be charged with investigating unlawful trading activities.

Fraud, Scams & Cybercrime

South Korea Seizes Assets from Crypto Lender Delio

By Editors | 25/07/2023

Prosecutors and the FSC seized “all company and customer assets, including Delio’s cold wallets and ledgers”.

Fraud, Scams & Cybercrime

Thailand Launches Initiative to Fight Investment Fraud

By Ranamita Chakraborty | 25/07/2023

The Stock Exchange of Thailand along with the Thai capital market sector, business organisations and government agencies will work together to protect investors and the public from scams.

Cybersecurity

Banks Targeted by Open-Source Software Supply Chain Attacks

By Editors | 24/07/2023

Checkmarx detected the first known open-source supply chain attacks targeting the banking sector.

Anti-Money Laundering

US DOJ Elevates Crypto Enforcement Team Within Criminal Division

By Manesh Samtani | 24/07/2023

NCET will merge into the Computer Crime and Intellectual Property Section, more than doubling the number of prosecutors available to work on crypto-related crime.

Fraud, Scams & Cybercrime

Australia’s New Anti-Scam Centre Holds First Advisory Board Meeting

By Editors | 24/07/2023

The Advisory Board agreed to develop a naming convention for scams that will underpin the data sharing and analytics needed to disrupt scams.