Fraud, Scams & Cybercrime

Cryptocurrency

US SEC Warns Against Investing in Crypto Assets

By Sanday Chongo Kabange | 24/03/2023

The SEC warns against dealing with unregistered crypto platforms and in unregistered crypto asset securities, though it doesn’t have a registration path for such products.

Fraud, Scams & Cybercrime

UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged

By Editors | 24/03/2023

Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.

PEPs & Sanctions

South Korea Issues Another Set of DPRK Sanctions

By Manesh Samtani | 22/03/2023

The sanctions were imposed in the absence of a working multilateral mechanism to respond to its North Korea’s latest ICBM launch.

Anti-Money Laundering

Australia Jails Lawyer for 12 Years in Tax Fraud Case

By Editors | 22/03/2023

The lawyer allowed proceeds of crime to be received and transferred out of his legal practice’s trust account.

Fraud, Scams & Cybercrime

Korea Launches New Loan Facility for Vulnerable Borrowers

By Editors | 22/03/2023

The FSC said the new loan facility is being introduced to protect borrowers from illegal private finance and predatory lending.

Fraud, Scams & Cybercrime

CFTC Revokes Registrations of Allianz Global Investors

By Editors | 22/03/2023

The CFTC’s order was issued to “protect the derivatives markets and market participants” after three portfolio managers made fraudulent representations to investors for several years.

Fraud, Scams & Cybercrime

Bulgaria Extradites Former OneCoin Exec to Face US Charges

By Editors | 21/03/2023

OneCoin’s former head of legal and compliance is alleged to have helped launder millions of dollars of illegal proceeds through shell companies and bank accounts.

Fraud, Scams & Cybercrime

LME Discovers Nickel Bags Containing Stones at Warehouse

By Editors | 19/03/2023

The already embattled LME is postponing the reopening of Asian trading to allow its warehouse operators to recheck warranted nickel.

Fraud, Scams & Cybercrime

New Cybercrime Prevention Law Takes Effect in Thailand

By Editors | 19/03/2023

The law allows banks to temporarily suspend illicit bank accounts without having to wait for a fraud to occur.