Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

EU Agrees to Shift Fraud Liability to Payment Providers and Online Platforms

By Manesh Samtani | 02/12/2025

New framework introduces mandatory payee verification, enhances open banking access, and makes payment firms liable for impersonation scams.

Structural Regulation

China Progresses Major Reforms for Accounting Industry

By Manesh Samtani | 02/12/2025

The proposed amendment introduces a new audit framework for specific entities, a tiered liability system, and stricter cross-border data rules.

Market Abuse

Japan Makes First Arrests in $4.6b Securities Hijacking Probe

By Mark Johnston | 02/12/2025

Authorities apprehend two suspects linked to a market manipulation scheme involving hijacked online accounts and record-breaking fraudulent trading volumes.

Payments & Settlements

India Launches New Platform to Give RBI Greater Payments Visibility

By Nithya Subramanian | 02/12/2025

The 'Banking Connect' platform gives the RBI real-time visibility into net-banking fund transfers, replacing long reporting delays and tightening oversight of high-risk payment flows.

Fraud, Scams & Cybercrime

Australia Consults on Mandatory Anti-Scam Regime for Banks, Digital Platforms

By Sanday Chongo Kabange | 02/12/2025

The government has released draft rules designating sectors and outlining new obligations for preventing, detecting, and responding to scams.

Fraud, Scams & Cybercrime

SEBI Proposes Mandatory ID Disclosures for Regulated Entities on Social Media

By Nithya Subramanian | 01/12/2025

All regulated intermediaries and their agents would have to display their registered name and registration number on social media pages and posts, to curb rising online investment fraud.

Fraud, Scams & Cybercrime

INTERPOL Targets Illicit Finance, Scam Centres in New Global Strategy

By Manesh Samtani | 01/12/2025

Global police body unanimously approves five-year plan with new tools to trace criminal assets and disrupt human trafficking-fuelled fraud.

Fraud, Scams & Cybercrime

MAS, ABS Reject Calls to Loosen Anti-scam Cooling-off Rule

By Nithya Subramanian | 01/12/2025

MAS and ABS say scam risks remain too high to exempt own-account transfers from the 24-hour cooling-off rule, despite customer complaints.

PEPs & Sanctions

Korea Targets Prince Group in Largest Ever Sanctions Package

By Manesh Samtani | 28/11/2025

The measures freeze domestic assets, including crypto, of 147 entities and individuals, mirroring recent US and UK actions against Cambodia-based operations.