Fraud, Scams & Cybercrime

Supervision & Enforcement

ASIC Bans Another MWL Adviser Linked to Shield Controversy

By Sanday Chongo Kabange | 22/10/2025

ASIC has banned Wade Spooner for eight years over advice linked to the collapsed Shield Master Fund, which has pushed MWL Financial Group into administration.

Fraud, Scams & Cybercrime

SFC Chairman Vows Balanced Regulation Amid Governance, Digital Asset Risks

By Manesh Samtani | 22/10/2025

Chairman Kelvin Wong highlighted a focus on issuer quality and digital asset innovation while warning of rising financial scams.

Fraud, Scams & Cybercrime

Taiwan FSC Revamps 'Fair Treatment' Reviews, Adds Anti-Fraud Focus

By Mark Johnston | 21/10/2025

The FSC is increasing transparency and will add weight to firms’ anti-fraud measures and complaint handling in its annual assessments.

PEPs & Sanctions

Korean Banks in Cambodia Freeze Assets of Sanctioned Prince Group

By Manesh Samtani | 21/10/2025

Lenders acted on international sanctions against the Cambodian conglomerate, while South Korean authorities weigh their own formal measures due to diplomatic sensitivities.

Anti-Money Laundering

Australia Targets Financial Crime With New National Security Doctrine

By Nathan Lynch | 20/10/2025

Minister Tony Burke has unveiled a new security doctrine to combat ‘converged’ threats, including new measures to target crypto ATMs and money mules.

Fraud, Scams & Cybercrime

UK Proposes to Compensate Chinese Investment Fraud Victims

By Editors | 20/10/2025

Prosecutors are considering a scheme to repay 128,000 Chinese fraud victims, but the UK could still retain the funds under asset recovery laws.

Fraud, Scams & Cybercrime

Myanmar Scam Centres Rapidly Expanding Using Starlink - Report

By Editors | 20/10/2025

An investigation has revealed that industrial-scale scam centres in Myanmar are rapidly expanding and using Elon Musk's Starlink, prompting a US congressional probe

PEPs & Sanctions

Cambodia’s Prince Bank Faces Bank Run Following US, UK Sanctions

By Manesh Samtani | 20/10/2025

A bank run has hit Cambodia’s Prince Bank and Thai authorities have launched a probe following massive US and UK sanctions against its parent group for alleged scam operations.

Anti-Money Laundering

HK & Mainland Police Arrest Three for Face Spoofing and Money Laundering

By Sanday Chongo Kabange | 17/10/2025

The three members of a cross-border syndicate allegedly used pre-recorded videos to bypass facial recognition systems at digital banks.