Fraud, Scams & Cybercrime

Payments & Settlements

RBI Relaxes Off-site ATM Rules

By Samuel Riding | 15/01/2016

Indian banks will be allowed to provide full range of services at off-site ATMs.

Fraud, Scams & Cybercrime

China Cracks Down on OTC Markets

By Samuel Riding | 16/12/2015

CSRC says some companies illegally sold shares to investors, promised they would be traded on OTC platforms.

Fraud, Scams & Cybercrime

SFC Warns on Unlicensed Forex Broker

By Samuel Riding | 30/11/2015

IQSFX added to alert list on suspicion of conducting unlicensed business in Hong Kong.

Fraud, Scams & Cybercrime

Chief SGX Regulator Warns on China-linked Losses

By Samuel Riding | 19/11/2015

Exchange issues warning to directors and audit committees amid surge in impairments and write-offs.

Fraud, Scams & Cybercrime

RBI Considering Inter-regulatory Provisions in Bank of Baroda Case

By Samuel Riding | 29/10/2015

Reserve Bank of India began investigation on 12 October into remittances for allegedly non-existent imports.

Anti-Money Laundering

Bank of Queensland Investigated by ASIC over Compliance Failures

By Editors | 23/09/2015

The Australian Securities and Investment Commission has concerns over its risk management and compliance systems.

Fraud, Scams & Cybercrime

Indonesia to Fight Cybercrime with New Bank IT Rules

By Editors | 16/09/2015

Indonesia’s Financial Services Authority will soon revise its banking IT systems rules in an attempt to counter rising digital crime on banks.

Fraud, Scams & Cybercrime

HKMA Cautions Banks on Malpractice by Intermediaries and Sales Agents

By Editors | 10/08/2015

The Hong Kong Monetary Authority has issued a circular to banks requiring them to enhance customer protection and mitigate reputational risk arising from possible malpractices of intermediaries or sales agents.

Structural Regulation

China Announces Guidelines for Internet Finance

By Editors | 21/07/2015

China has issued stricter guidelines to regulate Internet finance, calling for enhanced supervision of the sector while also pledging to support its development.