Fraud, Scams & Cybercrime

    Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.

    Fraud, Scams & Cybercrime

    China Issues Record Penalty Against Domestic Auditor in Fraud Case

    By Mark Johnston | 15/04/2026

    Regulators have imposed a CNY 243 million penalty and a one-year business suspension on Zhongxingcai Guanghua for major audit failures.

    Fraud, Scams & Cybercrime

    Singapore Jails Former Broker for S$15m Investment Fraud

    By Nithya Subramanian | 14/04/2026

    A former UOB Kay Hian dealer has been sentenced for a multi-year fraud that solicited funds from investors by falsely implicating the brokerage.

    Fraud, Scams & Cybercrime

    Thailand Seizes Further $260 Million in Major Anti-Scam Crackdown

    By Mark Johnston | 14/04/2026

    Authorities have now frozen over USD 620 million in assets linked to a transnational cybercrime ring, signalling a major multi-agency regulatory enforcement effort.

    Anti-Money Laundering

    Indonesia Orders Banks to Block Over 33,000 Accounts in Gambling Crackdown

    By Editors | 14/04/2026

    OJK is requiring banks to conduct enhanced due diligence as part of a wider enforcement push against illegal financial activities.

    Fraud, Scams & Cybercrime

    Sri Lanka Probes Banks After LKR 13.2bn Fraud at NDB

    By Editors | 13/04/2026

    The central bank is considering an overhaul of industry-wide controls after a major fraud at National Development Bank prompted a multi-agency investigation.

    Anti-Money Laundering

    Indonesia Deploys AML Framework to Tackle Subsidised Fuel Fraud

    By Editors | 13/04/2026

    PPATK is working with police to trace illicit funds and seize assets in a scheme causing trillions of rupiah in state losses.

    Anti-Money Laundering

    India Seizes $1.8m in Assets in Co-operative Bank Fraud Probe

    By Editors | 13/04/2026

    Enforcement Directorate attaches assets linked to the former chairman of New India Co-operative Bank in a money laundering investigation.

    Credit Risk

    China Targets Harmful Competition in New Rural Finance Rules

    By Mark Johnston | 13/04/2026

    NFRA shifts focus from rapid growth to sustainable lending quality and is cracking down on harmful price wars in rural finance.

    Fraud, Scams & Cybercrime

    India Proposes Payment Lags, 'Kill Switch' to Combat Digital Fraud

    By Nithya Subramanian | 13/04/2026

    The RBI has proposed a raft of new measures, including a one-hour delay on some transfers, to tackle surging online payment fraud.

    Anti-Money Laundering

    AUSTRAC Finds Major AML Vulnerabilities at Foreign-Owned Banks

    By Sanday Chongo Kabange | 13/04/2026

    AUSTRAC uncovers significant weaknesses in AML controls and reporting following two separate supervisory campaigns targeting foreign-owned banks.

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