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Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
Fraud, Scams & Cybercrime
Philippine Banks, Telecom Partner to Combat Cybercrime, Fraud
By Editors | 30/08/2022
BAP member banks and Globe Telecom will share data and intelligence to help counter cybercrime and fraud threats.
Anti-Money Laundering
Bangladesh Bank Intensifies Crackdown on Illegal FX Transactions
By Mark Johnston | 29/08/2022
Dozens of money changers are being investigated for money laundering. Several banks are accused of making “excessive” profits from dollar sales.
Fraud, Scams & Cybercrime
Addressing Fraud Risk Requires Multi-Pronged Approach – Report
By Editors | 29/08/2022
NICE Actimize and Regulation Asia have published a new white paper exploring the banking industry’s response to fraud and online scams in APAC.
Fraud, Scams & Cybercrime
SG Police Make Series of Arrests Targeting Scam Syndicates
By Editors | 24/08/2022
4 were arrested over phishing scams targeting bank customers, and another 13 as part of a joint operation with Malaysian police.
Fraud, Scams & Cybercrime
Henan Authorities Repay More Frozen Deposits at Rural Banks
By Editors | 22/08/2022
The latest round of repayments are being made to individuals with deposits of between CNY 350,000 and CNY 400,000.
Market Abuse
SFC Probes AMTD Over Past Underwriting Deals – Reports
By Editors | 22/08/2022
The full scope of the probe into AMTD Group and its current status are “unclear”, but it is said to be related to previous underwriting deals.
Fraud, Scams & Cybercrime
Almost $2b Stolen from Crypto Hacks in H1 2022: Chainalysis
By Editors | 22/08/2022
The value stolen from crypto hacks increased 60% from the same pariod last year, largely attributed to vulnerabilities of DeFi protocols.
Anti-Money Laundering
Wirecard-related Charges Filed in Singapore, Philippines
By Editors | 18/08/2022
The charges in Singapore are for criminal breach of trust and money laundering. A bank official in the Philippines was indicted.
Market Abuse
SEC Charges 18 for Manipulation Using Hacked Trading Accounts
By Editors | 18/08/2022
The hackers broke into at least 31 US retail brokerage accounts to buy stock to drive up prices and exit their positions at artificially high prices.
Anti-Money Laundering
APG Issues 2022 Annual Typologies Report
By Manesh Samtani | 18/08/2022
The report calls for a shift towards characterising Illegal fishing as a predicate crime type for money laundering, to trigger a more effective AML/CFT response.
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