Fraud, Scams & Cybercrime

Anti-Money Laundering

US, German Authorities Coordinate on Takedown of Crypto Mixer

By Editors | 16/03/2023

Authorities dismantled ChipMixer’s infrastructure and seized four servers, about USD 46 million worth of bitcoin, 7 TB of data, two domains, and a Github account.

Fraud, Scams & Cybercrime

FATF Publishes First Comprehensive Report on Ransomware

By Manesh Samtani | 16/03/2023

The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.

Anti-Money Laundering

Crypto-related Crime in Australia: What Court Records Tell Us, and What Lies Ahead

By Angela Ang | 16/03/2023

Angela Ang considers findings from the first empirical study of crypto-related court cases in Australia, and what this means the crypto crime and enforcement landscape.

Fraud, Scams & Cybercrime

US OCC Fines Ex-Wells Fargo Exec for Sales Misconduct

By Editors | 15/03/2023

Carrie Tolstedt was not required to admit or deny the OCC allegations, but she faces up to 16 months in prison under a plea agreement with federal prosecutors.

Fraud, Scams & Cybercrime

Chinese Bourses Look to Tech to Combat Fraud in Markets

By Editors | 13/03/2023

The SZSE has been testing technology from an analytics firm to detect fraud and vet listings, while the SSE is proposing the use of big data and AI.

Fraud, Scams & Cybercrime

Australian Court Fines ANZ Over Introducer Programme

By Editors | 13/03/2023

ANZ received sensitive information or documents about borrowers from unlicenced third parties through its introducer programme.

Fraud, Scams & Cybercrime

BOT Announces Additional Measures to Combat Financial Fraud

By Editors | 10/03/2023

“Near real-time” monitoring systems must be implemented that can detect and immediately freeze suspicious transactions, among other measures.

Fraud, Scams & Cybercrime

HK Losses from Crypto Scams Exceeded $200m in 2022

By Editors | 08/03/2023

Financial losses from crypto-related scams accounted for more than half of the total value lost through technology crime last year, police say.

Reporting & Disclosures

ACCC Enforcement to Prioritise Misleading Environmental Claims

By Sanday Chongo Kabange | 08/03/2023

The ACCC has established a new taskforce that will focus on sustainability and its intersection with competition and consumer law.