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Fraud, Scams & Cybercrime
Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
Anti-Money Laundering
FATF Adopts First Mutual Evaluation Reports Under New Methodology
By Manesh Samtani | 27/10/2025
The FATF also removed four countries from the 'grey list' and adopted new guidance on asset recovery and emerging risks from AI and deepfakes.
Fraud, Scams & Cybercrime
UN Convention on Cybercrime Signed by 65 Nations
By Manesh Samtani | 27/10/2025
The pact aims to streamline cross-border data sharing and fight digital crime, but critics warn it could enable transnational repression and harm cybersecurity.
Fraud, Scams & Cybercrime
Belgian Court Clears Extradition of Mehul Choksi to India
By Nithya Subramanian | 26/10/2025
An appellate court approved India’s request to extradite Mehul Choksi, who is wanted in connection with $1.54 billion fraud at Punjab National Bank.
Anti-Money Laundering
Singapore Court Jails Ex-Citibank Banker in $3b Money Laundering Case
By Nithya Subramanian | 24/10/2025
Wang Qiming has been jailed for forging documents and aiding illicit fund movements linked to Singapore’s largest money-laundering case.
Fraud, Scams & Cybercrime
Thailand Freezes Cambodian Assets, Minister Resigns Amid Scam Probe
By Nithya Subramanian | 24/10/2025
Thailand’s AMLO has frozen over THB 70 million in assets, while the deputy finance minister has resigned following allegations of receiving illicit crypto payments.
Fraud, Scams & Cybercrime
Korea Forms 9-Nation Alliance to Dismantle Financial Scam Hubs
By Manesh Samtani | 24/10/2025
The 'Breaking Chains' operation will target virtual asset fraud and voice phishing syndicates based in Southeast Asia, with Interpol also participating.
Anti-Money Laundering
AUSTRAC, Pacific FIUs Deepen AML Push on Crypto, Child Exploitation
By Sanday Chongo Kabange | 24/10/2025
A new intelligence guide and shared technology aim to help financial institutions detect emerging regional financial crime threats.
Anti-Money Laundering
BNM Mandates Written Notices for AML-Linked Account Closures
By Nithya Subramanian | 24/10/2025
Banks must issue written notices detailing reasons and appeal rights for accounts flagged under AML and scam suspicions.
Fraud, Scams & Cybercrime
Korea: Losses at Saemaul Geumgo Spark Calls for Oversight Reform
By Mark Johnston | 24/10/2025
Eight years of embezzlement and fraud at South Korea's credit cooperatives highlight severe internal control failures and gaps in financial supervision.
Fraud, Scams & Cybercrime
South Korea to Target Prince Group in Widening Fraud Probe
By Mark Johnston | 23/10/2025
The FSC considers restricting Prince Group amid a cross-border fraud probe, as the government pursues asset recovery and police cooperation.
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