Fraud, Scams & Cybercrime

Supervision & Enforcement

Bangladesh to Prosecute Staff Involved in USD81mn Heist

By Samuel Riding | 16/06/2016

11 central bank staff ask for different posts as finance ministry prepares criminal cases.

Cybersecurity

SWIFT to Beef up Spending on Security

By Samuel Riding | 15/06/2016

Board earmarks investment and staff to boost security after Bangladesh heist.

Fraud, Scams & Cybercrime

Malaysia Clamps Down on Illegal Investment Schemes

By Samuel Riding | 13/06/2016

Regulator says 56 businesses have offered illegal investments in commodities, forex and gold.

Fraud, Scams & Cybercrime

Philippines Regulator Seeks Prosecution Powers

By Samuel Riding | 10/06/2016

Securities and Exchange Commission also seeking ability to freeze accounts.

Fraud, Scams & Cybercrime

India to Crack Down on Deposit Scams

By Samuel Riding | 31/05/2016

Regulatory loopholes have allowed credit-cooperative pyramid schemes to thrive.

Fraud, Scams & Cybercrime

Shanghai Ends Real Estate Lending Ban

By Samuel Riding | 31/05/2016

Shanghai office of CBRC had banned banks from doing business with six property firms.

Cybersecurity

SWIFT to Reinforce Security

By Samuel Riding | 25/05/2016

Messaging service has had security questioned since Bangladesh Bank scandal.

Fraud, Scams & Cybercrime

Self-regulator to Crack Down on China Hedge Funds

By Samuel Riding | 18/04/2016

AMAC issues new rules to regulate burgeoning private fund management industry.

Anti-Money Laundering

Gambling with Financial Inclusion

By Peter Guy | 29/03/2016

Casinos exemption from AML could jeopardise the money transfer and remittance services on which Philippines’ economy depends.