Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Police Raid Shanghai P2P Lender

By Samuel Riding | 16/09/2016

Company has promised to pay out returns from 1 October after 6-month hiatus.

Fraud, Scams & Cybercrime

Exclusive: $58mn Missing After HK Cash Advance, P2P Firms Fail

By Samuel Riding | 15/09/2016

Hong Kong police are investigating claims directors misappropriated up to HK$450mn from the two firms.

Fraud, Scams & Cybercrime

China Targets Illegal Trade in Bank Card Data

By Samuel Riding | 14/09/2016

Campaign will target criminals involved in the trade and prevent information leakage.

Fraud, Scams & Cybercrime

SFC Bans Former HSBC Sales Staff

By Samuel Riding | 08/09/2016

Duo claimed commissions on fictitious unit trust sales.

Fraud, Scams & Cybercrime

Indonesia Fraudsters Forge Central Bank Promissory Notes

By Samuel Riding | 07/09/2016

Forged documents used by fraudsters who promise to help borrowers repay loans early.

Fraud, Scams & Cybercrime

China P2P Lending Rules Prompt US Lawsuits

By Samuel Riding | 01/09/2016

Class actions allege P2P lender Yirendai failed to disclose borrower fraud, mis-stated impact of new regulations.

Cybersecurity

APAC Region has World’s Worst Cyber Security, Study Finds

By Samuel Riding | 31/08/2016

Region’s surfeit of financial data one of the main causes of increase in security threats.

Fraud, Scams & Cybercrime

Five India Brokers Sued for Mis-selling

By Samuel Riding | 26/08/2016

Civil cases follow Enforcement Directorate, SEBI investigations into alleged $836mn scam.

KYC & CDD

Fintech Start-ups Including KYC Platform Enter Accenture’s APAC Innovation Lab

By Samuel Riding | 25/08/2016

Accenture announced that eight leading financial technology (fintech) companies including a KYC platform began a 12-week mentorship program in the […]