Fraud, Scams & Cybercrime

Anti-Money Laundering

Australia, Indonesia Forge CTF Alliance

By Samuel Riding | 03/02/2017

7-year agreement includes information sharing, cyber project to fight terrorism financing.

Cybersecurity

RBI Conducts Bank Hacking Test

By Samuel Riding | 24/01/2017

Exercise aims to determine countermeasures and enhance defences.

Conduct, Culture & Accountability

Korea to Up Audit Scrutiny of Financial Conglomerates

By Samuel Riding | 23/01/2017

Regulations would see FSC choosing auditors for the largest companies.

Fraud, Scams & Cybercrime

Bangladesh to Delay Heist Report Until Money Recovered

By Samuel Riding | 19/01/2017

Central bank officials accused of negligence in theft of $81 million.

Market Abuse

China to Clampdown on Illicit Trading Behaviour

By Samuel Riding | 13/01/2017

Illegal activities including market manipulation and fraud have ‘resurged’ at exchanges.

Operational Risk

HKMA Issues Operational Incidents Watch

By Samuel Riding | 13/01/2017

Regulator flags errors in OTC derivatives transactions, credit card applications.

Fraud, Scams & Cybercrime

Indonesia, India Shutter Dodgy Investment Companies

By Samuel Riding | 13/01/2017

OJK task force shuts down 6 firms for illegal operation; RBI orders 7 NBFC to close.

Fraud, Scams & Cybercrime

India Demonetisation Nets USD213bn

By Samuel Riding | 09/01/2017

Amount recovered is 93.5% of outstanding notes; RBI plans to expedite counting, identify fake notes.

Anti-Money Laundering

Bangladesh Warns on Use of Digital Hundi

By Samuel Riding | 06/01/2017

Intelligence report finds 15 unauthorised mobile applications used for illegal form of money transfer.