Fraud, Scams & Cybercrime

    Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.

    Fraud, Scams & Cybercrime

    Singapore Proposes Mandatory SMS Sender Registration to Combat Scams

    By Darien Choong | 18/08/2022

    IMDA proposes a transition period from October until the end of this year to give organisations time to register their sender IDs.

    Cybersecurity

    Malaysia Reassures Public After Data Breach at Payments Firm

    By Editors | 15/08/2022

    The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.

    Anti-Money Laundering

    INTERPOL Launches Global Money Mule Awareness Campaign

    By Editors | 15/08/2022

    The Japan-funded global campaign will run for two weeks until 26 August 2022 on social media, with support from 34 countries worldwide.

    Fraud, Scams & Cybercrime

    China: Nine Execs Allegedly Linked to Semiconductor Fund Fraud

    By Editors | 14/08/2022

    Executives from a high-profile chipmaker, a fund that invested in it, and the manager of the fund are under investigation in a fraud and corruption probe.

    Anti-Money Laundering

    INTERPOL Calls for Urgent Action to Tackle Pollution Crime

    By Sanday Chongo Kabange | 12/08/2022

    Document fraud, tax evasion, money laundering and corruption are common components of pollution crimes, which often have a nexus with organised crime.

    Structural Regulation

    RBI to Adopt New Measures to Regulate Digital Lending

    By Manesh Samtani | 11/08/2022

    The measures include enhanced disclosures for borrowers, consent-based data collection, a cooling-off period for online loans, and the establishment of a new SRO.

    Fraud, Scams & Cybercrime

    Hong Kong Saw Almost HK$400m in Crypto Scams in H1 2022

    By Editors | 11/08/2022

    Crypt-related scams, job scams and online shopping scams made up the top three types of cybercrimes in Hong Kong in the first half of this year.

    Anti-Money Laundering

    US Secures Extradition of Former Crypto Exchange Operator

    By Editors | 09/08/2022

    Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.

    Fraud, Scams & Cybercrime

    Henan Fraud: Authorities Ramp Up Repayments to Bank Customers

    By Editors | 07/08/2022

    Chinese authorities in Henan and Anhui have repaid more depositors whose savings have been frozen for months.

    Cryptocurrency

    US Court Allows Voyager Digital to Return Cash to Customers

    By Editors | 07/08/2022

    Regulators have separately ordered the crypto brokerage to “immediately remove” false statements it made that suggested it was FDIC-insured.

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