Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

ASIC Urges Super Funds to Address "Serious Gaps" in Scam Defences

By Sanday Chongo Kabange | 05/02/2026

A review found superannuation funds lag major banks on scam warnings, prompting calls for urgent action to adopt new standards.

Conduct, Culture & Accountability

Korea to Tighten Bank Branch Closure Rules in New Consumer Push

By Editors | 05/02/2026

FSC to mandate impact assessments for most branch closures from March and outlines a four-pillar plan to bolster consumer protection.

Fraud, Scams & Cybercrime

South Korea to Ban Executives for Accounting Fraud in Transparency Push

By Manesh Samtani | 04/02/2026

Regulators will impose market exit penalties, mandate external oversight for major audit firms, and penalise low-ball audit bids to boost investor confidence.

Fraud, Scams & Cybercrime

MAS Highlights Challenges in Halting Authorised Push Payment Fraud

By Nithya Subramanian | 04/02/2026

MAS Chairman explains the complexity of distinguishing legitimate from fraudulent self-authorised transactions.

Anti-Money Laundering

Taiwan Proposes New Anti-Fraud Reporting Mechanism for Banks

By Sanday Chongo Kabange | 04/02/2026

The proposals include a new reporting channel to prosecutors and expand the definition of suspicious accounts to combat financial crime.

Cybersecurity

Hong Kong Law Reform Commission Eyes Update to Cybercrime Law

By Sanday Chongo Kabange | 03/02/2026

Report recommends five new cyber-dependent offences, expanded jurisdiction, and a formal accreditation regime for cybersecurity practitioners.

Fraud, Scams & Cybercrime

India Dismantles Cybercrime Rings Laundering Millions via Crypto, Real Estate

By Editors | 03/02/2026

Indian agencies, with FBI and Interpol support, have raided networks using call centres and crypto to defraud international victims.

Fraud, Scams & Cybercrime

China to Impose Strict New Cybercrime Duties on Financial Firms

By Manesh Samtani | 03/02/2026

New rules mandate dynamic ID checks, payment monitoring, and cross-border asset freezes, with heavy penalties for non-compliance by financial service providers.

Anti-Money Laundering

Indonesia FIU Flags IDR 2 Quadrillion in Suspect Funds from 2025 STRs

By Editors | 02/02/2026

PPATK highlights significant flows from illegal mining and tax evasion, while noting a 20% drop in online gambling transactions.