Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

SFC Fines Tung Tai Securities for Failing to Guard Against Fraud

By Sanday Chongo Kabange | 17/11/2025

The penalty follows a USD 3.3 million fraud where staff acted on bogus emails, ignoring multiple red flags and internal control failures.

Fraud, Scams & Cybercrime

India Freezes Assets Linked to Scam Targeting Coinbase Users

By Nithya Subramanian | 17/11/2025

India’s ED has attached INR 217.1 million in assets linked to a Coinbase phishing ring that stole user credentials via spoofed websites.

Supervision & Enforcement

ASIC Sues Licensee, Research House in Major Super Fund Collapse Probe

By Sanday Chongo Kabange | 15/11/2025

ASIC alleges widespread failures by a licensee, advisers, and a research house in the collapse of two high-risk funds.

Supervision & Enforcement

ASIC Targets Private Credit, Insurance in 2026 Enforcement Priorities

By Sanday Chongo Kabange | 15/11/2025

ASIC has unveiled it 2026 priorities focused on poor governance in expanding sectors and cost-of-living pressures amid record enforcement activity.

Fraud, Scams & Cybercrime

Singapore Police Arrests Ex-Wirecard Asia Director for Germany

By Nithya Subramanian | 14/11/2025

The arrest was part of coordinated raids across multiple countries targeting a fraud ring that caused more than EUR 300 million in losses through unauthorised credit card transactions.

Conduct, Culture & Accountability

New Zealand FMA Flags Rising Audit Non-Compliance

By Sanday Chongo Kabange | 14/11/2025

New Zealand’s FMA found 36 percent of reviewed audit files were non-compliant, highlighting weaknesses in fraud risk assessment and new quality management systems.

Anti-Money Laundering

China's Capital Controls Fuelling Global Money Laundering Threat, RUSI Finds

By Manesh Samtani | 14/11/2025

A new paper finds Chinese Money Laundering Organisations are a dominant global force, but concludes there is no public evidence of Chinese state direction.

Conduct, Culture & Accountability

ASIC to Revamp Moneysmart Platform, Citing Low Consumer Literacy

By Sanday Chongo Kabange | 14/11/2025

ASIC is set to refresh its consumer education programme, linking the initiative to key enforcement priorities and new research findings.

Fraud, Scams & Cybercrime

Cybercrime Surges as AI-Powered Threats and Real-Time Scams Challenge Banks

By Nathan Lynch | 14/11/2025

AI-driven cyberattacks, real-time payment scams and “dynamic friction” were hot topics at this year’s Singapore Fintech Festival.