Fraud, Scams & Cybercrime

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.

Fraud, Scams & Cybercrime

SBI Crypto Mining Pool Reportedly Hacked, DPRK Link Suspected

By Editors | 06/10/2025

On-chain investigators report a USD 21 million theft from the Japanese financial giant's mining pool, noting similarities to previous North Korean attacks.

Anti-Money Laundering

Thai Police Arrest Key Figure in THB 5 Billion Money Laundering Network

By Sanday Chongo Kabange | 06/10/2025

Authorities in Bangkok have arrested a woman accused of facilitating mule bank accounts for a transnational criminal network with over THB 5 billion in circulation.

Fraud, Scams & Cybercrime

Singapore Enhances Anti-Scam Safeguards for High-value Transfers

By Nithya Subramanian | 05/10/2025

Seven major banks will apply enhanced fraud checks on accounts above SGD 50,000 to curb scams that rapidly drain customer accounts.

Fraud, Scams & Cybercrime

SEBI Launches Validated UPI Payment System to Combat Fraud

By Mark Johnston | 03/10/2025

SEBI has rolled out a new verified payment system to protect investors from unauthorised fund collections.

Anti-Money Laundering

UK Convicts Chinese National in Record Bitcoin Laundering Case

By Editors | 02/10/2025

The conviction follows a seven-year probe and the seizure of 61,000 bitcoin, highlighting cross-border cooperation on cryptocrime and complex asset recovery questions.

Anti-Money Laundering

Thailand's Deputy Finance Minister Linked to Dirty Money Network - Report

By Editors | 29/09/2025

Vorapak Tanyawong allegedly used Singapore VCCs to conceal the takeover of a Thai finance company that was used to launder scam proceeds from Cambodia.

Fraud, Scams & Cybercrime

HKMA Consults Banks on Framework for Sharing Scam Losses

By Manesh Samtani | 29/09/2025

The proposed framework aims to guide how liability is shared when customers are tricked into authorising payments to fraudsters amid a rise in such cases.

Fraud, Scams & Cybercrime

Fugitive Ex-CEO of Fintech Lender Investree Repatriated to Indonesia

By Editors | 29/09/2025

Adrian Gunadi is accused of illegally raising IDR 2.7 trillion in a case that brought down one of the country's most prominent fintechs.