Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Korea Sees Record Account Suspensions Over Voice Phishing Scams

By Editors | 12/09/2025

Over 150,000 accounts were frozen in five years as authorities consider legislation to make financial firms partially liable for scam damages.

Operational Risk

HKMA Flags Digital Fraud as Higher Priority Than Crypto, CRE Risks

By Manesh Samtani | 12/09/2025

Arthur Yuen said at the FT Live Asia Banking Summit on Thursday that the impact of digital fraud on the broader economy and social fabric is systemic.

Fraud, Scams & Cybercrime

FSC Taiwan Urges Banks to Balance Anti-Fraud Measures

By Nithya Subramanian | 11/09/2025

Banks are asked to refine their fraud prevention measures using a risk-based approach to avoid unduly disrupting financial services.

Fraud, Scams & Cybercrime

Asia-Pacific Countries Join Forces to Battle USD 37 Billion Scams Industry

By Nathan Lynch | 10/09/2025

ASEAN nations are uniting against a $37B scam epidemic, deploying technology, intelligence sharing and education to protect citizens from increasingly sophisticated criminal threats.

Fraud, Scams & Cybercrime

Singapore’s GovTech Steps Up Singpass Security to Combat Fraud

By Nithya Subramanian | 09/09/2025

GovTech’s anti-fraud team has introduced real-time facial verification on the national digital ID app to counter cyber intrusions and protect users.

Fraud, Scams & Cybercrime

US Announces Sanctions Targeting Scam Hubs in Cambodia, Myanmar

By Manesh Samtani | 09/09/2025

The action targets networks that use forced labour to perpetrate cyber scams, costing US citizens over USD 10 billion last year.

Anti-Money Laundering

Hong Kong’s New AML Info-Sharing Law to Start in November

By Manesh Samtani | 08/09/2025

The voluntary mechanism will allow banks and law enforcement to share account data via secure platforms to combat fraud and money laundering.

Payments & Settlements

BIS Develops Prototype to Analyse ISO 20022 Payments Data

By Manesh Samtani | 05/09/2025

The Project Keystone platform, a joint effort with the Bank of England, offers modules for liquidity, economic, and fraud analysis using ISO 20022 payments data.

Fraud, Scams & Cybercrime

Singapore Summit Calls for United Front Against Scams

By Nathan Lynch | 05/09/2025

The GASA Summit in Singapore this week brought together experts from government, non-profit organisations and regulatory bodies to dissect this evolving threat.