Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Japan’s National Police Flags Surge in Phishing, Record Losses

By Nithya Subramanian | 21/09/2025

Phishing cases hit 1.2 million in the first half of 2025, with online banking scams already costing victims over JYP 4 billion.

Supervision & Enforcement

Australian Senator Demands 'Heads on Spikes' Over Super Fund Collapses

By Editors | 21/09/2025

The failure of funds threatening AUD 1 billion in investor savings has put Australia's corporate regulator under pressure over its enforcement speed and effectiveness.

Cybersecurity

MAS Warns of Growing Deepfake Cyber Threats to Financial Sector

By Nithya Subramanian | 19/09/2025

New paper outlines the growing cyber threats posed by deepfakes to the financial sector, urging FIs to strengthen their defences against fraud and misinformation.

Fraud, Scams & Cybercrime

HKMA Prepares to Roll Out Personal Account Info-Sharing to Combat Fraud

By Manesh Samtani | 19/09/2025

The HKMA is enabling banks to share client data on suspected mule accounts, part of a broader push involving AI and data analytics.

Fraud, Scams & Cybercrime

Singapore Introduces New Measures Against Scam Mules

By Sanday Chongo Kabange | 18/09/2025

The new framework to be implemented starting next month aims to curb soaring scam losses by restricting financial and mobile access for individuals facilitating fraud.

Anti-Money Laundering

Report Alleges $1.5B Money Laundering Network Linked to Shinawatra Dynasty, KuCoin

By Editors | 18/09/2025

An investigation claims a criminal network connected to former PM Thaksin Shinawatra and crypto firm KuCoin is moving illicit funds from Cambodian scam hubs.

Fraud, Scams & Cybercrime

Fugitive Wirecard COO Found in Moscow, Linked to Russian Spy Operations

By Editors | 18/09/2025

An international investigation has located Jan Marsalek, who is living under a new identity and working with Russia's FSB.

Fraud, Scams & Cybercrime

North Korean Hackers Use ChatGPT to Create Fake IDs for Phishing Attacks

By Nithya Subramanian | 17/09/2025

A new report revealed that North Korea’s Kimsuky hackers used AI to forge a fake South Korean military ID in a phishing campaign.

Anti-Money Laundering

Vietnam Overhauls AML/CFT Framework with New Inter-Agency Rules

By Mark Johnston | 17/09/2025

The Ministry of Public Security has been designated as lead coordinator and is able to set firm deadlines for information sharing among government bodies.