Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

GASA Urges Policy Action to Address 'Global Threat' of Scams

By Manesh Samtani | 08/10/2025

A new report finds over half of adults globally were targeted by scams last year, urging greater collaboration and provider accountability.

Anti-Money Laundering

India’s ED Finds OctaFX Netted INR 8bn from Illegal Trades

By Nithya Subramanian | 08/10/2025

The ED is investigating the forex and crypto trading platform for money laundering, after uncovering a sophisticated, transcontinental fraud and money laundering operation.

Fraud, Scams & Cybercrime

BNM, PayNet to Roll Out AI-Powered Fraud Detection System in 2026

By Nithya Subramanian | 08/10/2025

BNM and PayNet are developing an AI-based predictive system to detect fraudulent transactions before they occur, part of broader efforts to combat online scams.

Fraud, Scams & Cybercrime

New Zealand Jails Adviser Over Theft from Elderly Clients

By Mark Johnston | 07/10/2025

The Financial Markets Authority has secured a prison sentence and a lifetime ban for a former adviser in a “gross breach of trust”.

Fraud, Scams & Cybercrime

Tokyo Court Jails Ex-MUFG Manager for Safety Deposit Box Theft

By Nithya Subramanian | 07/10/2025

The manager was sentenced to nine years in prison for stealing gold and cash from customer safety deposit boxes, prompting Japan’s FSA to ban cash storage and tighten bank oversight.

Tokenisation

Vietnam's Crypto Hub Ambition Faces Slow Start Amid Strict Rules

By Mark Johnston | 07/10/2025

Hanoi aims to tap a USD 19 trillion global market for tokenised assets, but strict capital requirements for its new pilot framework have so far deterred any formal applications.

Fraud, Scams & Cybercrime

Rising Financial Fraud in Japan and Countermeasures to Tackle It

By Gavin Blair | 07/10/2025

Record fraud losses in Japan, driven by police impersonation scams, are prompting new countermeasures as criminals move online and overseas.

Conduct, Culture & Accountability

Korea FSS to Launch Consumer Protection Headquarters in Major Overhaul

By Nithya Subramanian | 06/10/2025

The consumer protection arm aims to unify complaint handling, dispute resolution, supervision, and inspection functions, while absorbing key bureaus overseeing planning, personnel, and sanctions.

Fraud, Scams & Cybercrime

Indonesia Arrests Alleged Hacker Over Breach of 4.9M Bank Accounts

By Sanday Chongo Kabange | 06/10/2025

A 22-year-old suspect accused of stealing millions of customer records from a private bank and attempting extortion faces a potential 12-year prison sentence.