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Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
Fraud, Scams & Cybercrime
ABA Updates Guidelines on Preventing Elder Abuse
By Ranamita Chakraborty | 06/04/2021
The ABA is calling on governments across Australia to establish consistent power of attorney laws across the country and a national POA register.
Fraud, Scams & Cybercrime
Malaysia Regulators Investigate Investment Scam Syndicate
By Editors | 01/04/2021
The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.
Fraud, Scams & Cybercrime
SG Police Investigate Over 300 Individuals in Cases of Scams
By Editors | 31/03/2021
The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.
Fraud, Scams & Cybercrime
SG Police to Lay 23 More Charges Against Hin Leong Founder
By Editors | 29/03/2021
The new charges could not be tendered against Lim Oon Kuin on Monday because the 78-year-old said he was unwell.
Fraud, Scams & Cybercrime
ASIC Notches Win in Proceedings Against Mayfair 101 Group
By Ranamita Chakraborty | 28/03/2021
ASIC warns it will take action when search engines are used in a misleading or deceptive way to entice investors into products they are not searching for.
KYC & CDD
Australian Treasury Consults on New Director ID Regime
By Ranamita Chakraborty | 23/03/2021
The director ID regime will help to promote good corporate conduct, deter illegal phoenix activities, and facilitate traceability of directors over time.
Alternative Markets
New Rules for Private Equity Funds Take Effect in Korea
By Ranamita Chakraborty | 22/03/2021
The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.
Fraud, Scams & Cybercrime
Singapore Police Issue First Charges in Nickel Trading Fraud Case
By Editors | 22/03/2021
At least SGD 1 billion was invested for the purported sale and purchase of nickel, making the case one of the largest financial fraud cases in Singapore.
Anti-Money Laundering
China: 13 Arrested for Using Crypto to Launder Fraud Proceeds
By Editors | 21/03/2021
The suspects confessed to laundering proceeds from telecoms fraud using Tether, before withdrawing the funds to transfer overseas.
Fraud, Scams & Cybercrime
CSRC Fines Fund Manager ¥1.1m for Fraud, Embezzlement
By Editors | 16/03/2021
Cornerstone Capital’s controlling shareholder was also fined for fabricating the financials of funds managed by the firm.
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