Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

NAB Introduces New Security Measure to Combat Scams

By Sanday Chongo Kabange | 31/03/2023

NAB customers may receive a prompt when engaging in unusual transactions, such as investing in crypto for the first time.

Fraud, Scams & Cybercrime

IOSCO Issues Final Guidance on Mitigating Risks to Retail Investors

By Manesh Samtani | 31/03/2023

IOSCO offers a comprehensive toolkit of measures for regulators to consider when addressing crypto scams, greenwashing and other forms of retail misconduct.

Anti-Bribery & Corruption

Bankman-Fried Enters Not Guilty Plea to Revised Indictment

By Editors | 31/03/2023

Bankman-Fried previously pleaded not guilty to eight charges. Four charges were added last month and a bribery charge earlier this week.

Fraud, Scams & Cybercrime

ACCC Warns of Rising Bank Impersonation Scams in Australia

By Editors | 30/03/2023

Scammers can make their calls and texts appear as part of the same conversation thread as legitimate messages from a bank, the ACCC warns.

Fraud, Scams & Cybercrime

Real Estate Sector Vulnerable to BEC Threats: FinCEN

By Editors | 30/03/2023

FinCEN published a report on the patterns and trends of business email compromise scams targeting the real estate sector.

Fraud, Scams & Cybercrime

Five Banks Searched in French Tax Fraud Probe

By Editors | 29/03/2023

Four major French banks and a foreign bank were targeted by simultaneous searches related to the so-called “Cum-Ex” tax scandal.

Fraud, Scams & Cybercrime

Malaysian Court Jails Former Hong Leong Investment Banker

By Editors | 29/03/2023

The former investment banker convinced investors to invest over $390,000 in securities products that did not exist.

Anti-Bribery & Corruption

US Prosecutors Charge FTX Founder for FCPA Violation

By Editors | 29/03/2023

Sam Bankman-Fried allegedly bribed at least one Chinese official to secure the release of $1bn in frozen assets.

Fraud, Scams & Cybercrime

Australia Won’t Force Banks to Reimburse Scam Losses

By Editors | 28/03/2023

Minister Stephen Jones reportedly said compensation for scams should only be required if banks have not met consumer protection standards.