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Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
Fraud, Scams & Cybercrime
Panel 5: Broken Promises: A Deep Dive into Crypto’s Fraud Problem
By Editors | 26/07/2022
This panel explores how bad actors are exploiting the crypto ecosystem, and how supervisors, law enforcement, and the industry is combatting these activities.
Fraud, Scams & Cybercrime
Korea: Terra Investigators Seize Records from Crypto Firms
By Editors | 26/07/2022
Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra’s collapse.
Credit Risk
FSC Korea to Introduce Measures to Help Vulnerable Borrowers
By Editors | 23/07/2022
The FSC chairman has clarified that the plan is not intended to help those who have lost money on stock and crypto investments funded by cheap loans.
Fraud, Scams & Cybercrime
US Recovers Crypto Ransoms Paid by Healthcare Providers
By Editors | 23/07/2022
The FBI seized about USD 500,000 from two crypto accounts that had received ransoms paid by US health care providers to North Korean hackers.
Fraud, Scams & Cybercrime
ACCC Chair Calls for Joint Response to Financial Scams
By Sanday Chongo Kabange | 21/07/2022
ACCC chair Gina Cass-Gottlieb says banks have a responsibility to protect customers from investing in scam cryptocurrency schemes.
Conduct, Culture & Accountability
ASIC Imposes Eight Year Bans Over Pressure Selling of CFDs
By Editors | 21/07/2022
Two executives have been banned for eight years after their firm engaged in “unconscionable conduct” including the use of pressure selling tactics.
Fraud, Scams & Cybercrime
Henan Fraud: Bank Regulators Seek to Reassure Markets
By Darien Choong | 21/07/2022
Some customers have had difficulty signing up for a repayment scheme and data has been removed from banks, delaying some payments.
Fraud, Scams & Cybercrime
Fraud Risk: An Industry Priority for the Crypto Space
By Editors | 20/07/2022
Experts say crypto firms have a responsibility and moral obligation to have anti-fraud controls in place, and that this will help create trust in the industry.
Fraud, Scams & Cybercrime
Scam Loss Sharing Framework Will Take Longer to Develop: MAS
By Editors | 19/07/2022
Developing the new framework is taking longer than expected due to the complexity of the issues involved and the importance of ensuring the framework has the correct incentives.
Fraud, Scams & Cybercrime
Singapore Police Lay Fraud Charges Against Zenrock Founder
By Editors | 18/07/2022
The founder and his former operations executive were charged for cheating Bank of China, HSBC and Credit Agricole CIB.
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