Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

India Launches Site to Curb Illegal Deposit Takers

By Editors | 05/08/2016

The site offers the public information about deposit-taking entities, handles complaints.

Fraud, Scams & Cybercrime

AMAC Revokes Licenses of Over 10,000 Funds

By Editors | 02/08/2016

Association aims to restore China’s hedge fund industry as managers comply with stricter rules.

Credit Risk

CBRC to Screen Regional Banks’ Risk Control

By Samuel Riding | 27/07/2016

Move to reduce fraud as June’s 1.81% bad-loan ratio marks highest level since 2009.

Fraud, Scams & Cybercrime

Bangladesh Expects to Recoup All USD81mn from NY Fed Heist

By Samuel Riding | 27/07/2016

Central bank chief says RCBC likely to be held liable for theft, repay money.

Anti-Money Laundering

RBI Penalises Banks for Allowing Forex Scam

By Samuel Riding | 26/07/2016

Lenders must focus on better customer assessment to reduce probability of fraud, central bank says.

Fraud, Scams & Cybercrime

Japanese Newspaper Links Blacklisted Brokers to Panama Papers

By Samuel Riding | 20/07/2016

Financial Futures Association notes Japan is one of the world’s largest markets for binary options.

Fraud, Scams & Cybercrime

Malware Prompts Taiwan Banks to Shut off ATMs

By Samuel Riding | 13/07/2016

Two other lenders follow First Bank in turning off machines after more than USD2mn is stolen.

Fraud, Scams & Cybercrime

MAS Calls for Enhanced Security After Bank Heist

By Samuel Riding | 11/07/2016

Standard Chartered branch did not have a guard on duty when crime was committed.

Fraud, Scams & Cybercrime

CSRC Conducts Forcible De-listing

By Samuel Riding | 11/07/2016

Securities regulator declares “zero tolerance” for IPO fraud in effort to restore stock market credibility.