Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Australia’s ASIC Investigates Wealth Managers over Advice Fees

By Editors | 16/04/2015

The Australian Securities and Investments Commission (ASIC) is investigating some of the country’s biggest wealth managers for charging clients for financial advice even when no advice has been provided.

Conduct, Culture & Accountability

Conduct Risk: Emerging Agenda for Regulators, Says GreySpark Report

By Editors | 04/03/2015

Conduct-related risks are an emerging regulatory frontier for risk, compliance and operations in financial institutions, says a new report.

Fraud, Scams & Cybercrime

HK Regulator Wins Court Approval to Wind Up China Metal Recycling

By Editors | 26/02/2015

The Securities and Futures Commission won court approval to liquidate China Metal Recycling Holdings Ltd, in a decision that bolsters the regulator’s authority to pursue overseas firms for wrongdoing.

Fraud, Scams & Cybercrime

Australian Banks Hit by Alleged Home Loan Scam

By Editors | 06/01/2015

Two men have been charged with defrauding Australia’s biggest banks in an alleged A$110 million home loan scam, raising questions over the internal controls of some of the country’s top lenders.

Fraud, Scams & Cybercrime

Cyber Crime a Growing Focus for Regulators, Says ASIC’s Medcraft

By Editors | 26/11/2014

Australian Securities and Investments Commission chair Greg Medcraft said the threat of cyber crime was a growing focus for regulators around the world, and it had become a “fact of life” in the financial markets that it regulates.

Fraud, Scams & Cybercrime

China’s PBOC Raps Third-Party Payment Firms for False Transactions

By Editors | 18/09/2014

China’s central bank has punished four third-party payment companies for mishandling bank card transactions to escape paying higher fees.

Trading & Investment

Japan Regulator Plans to Allow Crowdfunding

By Editors | 23/08/2014

The Financial Services Agency plans to allow businesses to procure small amounts of funding from the general public by issuing shares online.

Fraud, Scams & Cybercrime

India Tightens Regulatory Noose on Fraudsters

By Editors | 12/08/2014

Parliament has cleared a key bill to allow the Securities and Exchange Board of India to act against ponzi schemes and market manipulators more effectively with powers for search and seizure, attachment of assets, arrest of defaulters and access to call data records.

Trade Based Money Laundering

Navigating the Complex World of Myanmar

By Editors | 30/05/2014

“Moving forward in unity to a peaceful and prosperous community,” the Myanmar slogan echoed as it chaired the 2014 ASEAN […]