ADVERTISEMENT
Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
KYC & CDD
PBOC Approves Establishment of Second Personal Credit Agency
By Editors | 14/12/2020
The agency will be jointly owned by the Beijing government, JD.com, Xiaomi and facial recognition start-up Megvii Technology.
Fraud, Scams & Cybercrime
Singapore Authorities Issue More Charges in Wirecard Probe
By Editors | 09/12/2020
The director of local accounting firm Citadelle Corporate Services was hit with three additional charges for falsifying letters confirming Wirecard cash balances.
Fraud, Scams & Cybercrime
AUSTRAC Targets Disability Insurance Fraud in New Guidance
By Editors | 09/12/2020
A new financial crime guide details the indicators that can help financial services firms identify when NDIS fraud may be taking place.
Fraud, Scams & Cybercrime
Seoul Court Jails Daishin Securities Executive Over Fund Losses
By Editors | 06/12/2020
The FSC has also revoked the registration of Lime Asset Management, imposed a 950mn won fine against the firm and ordered the suspension of its staff and executive personnel.
Fraud, Scams & Cybercrime
MAS Bans Two Former Insurance Agents for Dishonest Conduct
By Editors | 02/12/2020
Former representatives of Aviva Financial Advisers and Great Eastern Life were banned for misconduct in the selling of integrated shield policies.
Fraud, Scams & Cybercrime
Prosecutors Assess Whether EY Acted Criminally During Wirecard Audits
By Editors | 29/11/2020
Germany’s audit supervisor has reportedly told prosecutors that EY may have violated its legal due diligence and reporting obligations during its Wirecard audits.
Fraud, Scams & Cybercrime
Taiwan FSC Fines E.Sun Commercial Bank Over Client Theft
By Editors | 25/11/2020
A customer relationship manager stole TWD 140 million from 41 clients over seven years. The bank has been fined and two of its executives were suspended.
Anti-Money Laundering
AUSTRAC Reports on Fintel Alliance Efforts to Combat Criminal Threats
By Manesh Samtani | 25/11/2020
AUSTRAC has developed an algorithm that enables Fintel Alliance to detect suspicious financial patterns while protecting the privacy of underlying reporting entities and personal data.
Fraud, Scams & Cybercrime
China Vows ‘Zero Tolerance’ for Bond Issuer Misconduct
By Editors | 24/11/2020
The FSDC will strictly investigate any bond issuer suspected of fraudulent issuance, false disclosure, malicious transfers of assets, or misappropriation of funds.
Fraud, Scams & Cybercrime
Australian Police Charge Ex-Promoter of Failed Crypto Platform
By Sanday Chongo Kabange | 19/11/2020
The former BitConnect promoter is said to have operated an unregistered managed investment scheme and provided unlicensed financial advice.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.