Fraud, Scams & Cybercrime

    Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.

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    Anti-Money Laundering

    FATF to Bring “Fundamental Change” to Financial Crime Fight

    By Karen Ng | 06/07/2023

    FATF would scale up its fight against financial crime and bring comfort to victims through better asset recovery.

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    Fraud, Scams & Cybercrime

    Singapore Parliament Passes Online Criminal Harms Act

    By Jill Wong | 06/07/2023

    The new law will give the government the power to order the removal of websites, apps and online accounts suspected of criminal activities.

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    Anti-Money Laundering

    Upper House of UK Parliament Approves Economic Crime Bill

    By Editors | 05/07/2023

    The bill will boost corporate transparency, enable more effective seizure and recovery of crypto assets, and introduce new ‘failure to prevent’ offences.

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    Fraud, Scams & Cybercrime

    FMA Imposes Permanent Stop Order on Validus International

    By Sanday Chongo Kabange | 05/07/2023

    The permanent stop order bars Validus and its associated persons from offering or promoting its financial products to New Zealanders.

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    Fraud, Scams & Cybercrime

    China Intensifies Efforts to Combat Tax Fraud

    By Editors | 03/07/2023

    The crackdown is focusing on major industrial and regional cases and professional criminal gangs.

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    Fraud, Scams & Cybercrime

    Korean Authorities Probes Crypto Lender Delio Over Fraud Allegations

    By Sanday Chongo Kabange | 03/07/2023

    Regulators are investigating Delio on suspicions that it engaged in fraudulent activities, embezzlement and breach of trust.

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    Cybersecurity

    CFTC Establishes Task Forces to Target Cyber Threats, Environmental Fraud

    By Editors | 02/07/2023

    The task forces will help the CFTC address cybersecurity issues, emerging technologies like AI, and fraud in carbon markets.

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    Fraud, Scams & Cybercrime

    Australia Launches New National Anti-Scam Centre 

    By Sanday Chongo Kabange | 02/07/2023

    A ‘fusion cell’ is being set up within the NASC, led by the ACCC and ASIC, to target the effective disruption of investment scams.

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    Payments & Settlements

    EU Proposes Measures to Enable ‘Open Finance’ and Tackle Payments Fraud

    By Editors | 02/07/2023

    Payment service providers will gain a legal basis to voluntarily share payment fraud related information via dedicated IT platforms.

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    Fraud, Scams & Cybercrime

    HKMA Launches New Initiative to Prevent Credit Card Fraud

    By Editors | 30/06/2023

    All of Hong Kong’s card issuing banks, as well as 15 major merchants, commit not sending customers text messages with embedded hyperlinks.

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