Fraud, Scams & Cybercrime

Cybersecurity

BSP to Mandate Multi-factor Authentication

By Samuel Riding | 10/04/2017

Measures are a reaction to rising threat of cybercrime.

Supervision & Enforcement

IOSCO Enhances Cross-Border Enforcement Cooperation

By Editors | 03/04/2017

New powers enable members to share and obtain audit work, internet records and phone records.

Fraud, Scams & Cybercrime

Indonesia Shuts Down 19 Illegal Investment Firms

By Samuel Riding | 28/03/2017

Task force gathering intelligence via social media; has received 430 reports from whistleblowers.

Anti-Money Laundering

US Issues ML, Financial Crimes Report

By Samuel Riding | 07/03/2017

Institutions in 3 Asian countries said to deal in proceeds from drug trafficking that ‘significantly affects’ US.

Market Abuse

Pakistan to Develop Guidance on Bank Insider Trading

By Samuel Riding | 24/02/2017

Regulator files criminal charges against senior banker; continues to hunt fugitive brokers.

Fraud, Scams & Cybercrime

Ex-HSBC Employee Banned for Life

By Samuel Riding | 14/02/2017

SFC says Li Lee not fit and proper to be licensed following criminal convictions.

Fraud, Scams & Cybercrime

Ex-Westpac Banker Jailed for Mis-selling $3mn of Loans

By Samuel Riding | 10/02/2017

Investigation finds former banker encouraged elderly victims to borrow and invest despite their limited means.

Cybersecurity

Banks Targeted by DDoS, Hack Combined Attacks – Report

By Samuel Riding | 10/02/2017

Asia Pacific countries the source of more than half of all DDoS botnet attacks, Nexus Guard says.

Fraud, Scams & Cybercrime

Pakistan Hunts Fugitive Brokers

By Samuel Riding | 09/02/2017

Brokers stole clients’ cash, stocks; SECP to also investigate PSX officials for possible negligence.