Fraud, Scams & Cybercrime

KYC & CDD

Thailand SEC Unveils Sweeping Measures to Curb Illicit Funds

By Sanday Chongo Kabange | 10/04/2026

The SEC is enhancing KYC, digital asset oversight, and shareholder scrutiny in a national agenda to combat mule accounts and investment scams.

PEPs & Sanctions

US and Australia Warn Firms on North Korean IT Worker Threat

By Sanday Chongo Kabange | 10/04/2026

Regulators are urging firms to bolster hiring and cyber defences against sophisticated infiltration tactics used to fund Pyongyang's weapons programs.

Fraud, Scams & Cybercrime

ACCC Warns Australian Banks on Mortgage Due Diligence

By Sanday Chongo Kabange | 09/04/2026

The competition regulator is urging lenders to improve loan checks using open banking, as the industry lobbies for access to tax data to combat fraud.

Fraud, Scams & Cybercrime

DeFi Platform Drift’s $285m Hack Traced to DPRK-Linked Attack

By Nithya Subramanian | 09/04/2026

The attack, attributed to North Korea, combined a months-long intelligence operation with a sophisticated technical exploit, sparking debate over the role of stablecoin issuers in preventing theft.

Fraud, Scams & Cybercrime

ASIC Ramps Up Action Against AI-Powered Investment Scams

By Sanday Chongo Kabange | 09/04/2026

ASIC has removed a record number of scam websites, warning that artificial intelligence is making fraudulent investment schemes more convincing and harder to spot.

Fraud, Scams & Cybercrime

FBI Report Highlights SEA's Role in Causing Record Cybercrime Losses

By Manesh Samtani | 08/04/2026

Report reveals record cybercrime losses in 2025, with organised crime groups in Southeast Asia and India-based call centres identified as key threats.

Cloud & Infrastructure

Singapore’s AI Ambitions Clash with Cloud Hesitancy

By Bradley Maclean | 08/04/2026

A private roundtable of senior AML leaders revealed that despite regulatory encouragement, internal cultural and technical barriers are impacting AI adoption in Singapore.

Data Privacy

China Probes Data Collection Practices in Finance and Other Sectors

By Mark Johnston | 07/04/2026

Regulators will scrutinise illegal data collection and use by banks, insurers, and online loan platforms as part of a nationwide enforcement action.

Fraud, Scams & Cybercrime

Thai SEC Sanctions Deloitte Auditor for Falsifying Financial Statements

By Mark Johnston | 06/04/2026

The regulator has filed a criminal complaint and imposed a six-year ban on the auditor for serious professional misconduct that facilitated financial fraud.