Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

INTERPOL Issues Global Alert on Human Trafficking-Fueled Online Fraud

By Mark Johnston | 07/06/2023

INTERPOL warns of a “double-edged crime threat” that exploits victims of human trafficking as well as those forced to perpetrate online fraud.

Fraud, Scams & Cybercrime

Consumers Still First Line of Defence Against Fraud

By Karen Ng | 07/06/2023

Fraudulent websites are causing chaos. Banks and regulators have taken on a parenting role to stop consumers from falling prey to scammers.

Fraud, Scams & Cybercrime

FCA Fines ED&F Man Capital Markets for Cum-Ex Trading Breaches

By Editors | 05/06/2023

The GBP 17.2 million fine is the largest imposed thus far in connection with the cum-ex tax fraud scheme.

Fraud, Scams & Cybercrime

HK Police Arrest Man for Illegal Short Selling, Fraud

By Editors | 04/06/2023

The man fabricated trading statements that falsely showed he held shares in four listed companies he short-sold, when in fact he did not, the SFC said.

Fraud, Scams & Cybercrime

MAS Bans Six Former Great Eastern Advisers for Tax Fraud

By Ranamita Chakraborty | 02/06/2023

MAS said the six former insurance agents actively participated in a scheme to cheat the Inland Revenue Authority out of S$125,000.

AI Risk & Governance

Leading Regtech Firms Announced as Winners at Pitch! Regtech

By Editors | 01/06/2023

Judges selected Aboitiz Data Innovation, HAWK:AI, Synpulse, and Rimm Sustainability as the winners at Regulation Asia’s inaugural Pitch! Regtech event.

Fraud, Scams & Cybercrime

MAS Bans Former StanChart Adviser Following Forgery Conviction

By Editors | 31/05/2023

The former representative altered a document to falsely presenting another client as the account holder instead of the actual client.

Fraud, Scams & Cybercrime

Taiwan Intensifies Crackdown Against Fake Online Ads

By Sanday Chongo Kabange | 29/05/2023

The FSC is working with Meta and Google to remove misleading investment advertisements from their platforms.

Fraud, Scams & Cybercrime

Singapore Court Order Credit Suisse to Pay Georgian Billionaire

By Editors | 29/05/2023

Credit Suisse was ordered to pay billionaire Bidzina Ivanishvili $926mn in compensation for failing to safeguard his assets from misappropriation.