Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

South Korea's Do Kwon Pleads Guilty to US Fraud Charges

By Manesh Samtani | 13/08/2025

The plea from the South Korean national follows the USD 40 billion collapse of his Singapore-based firm’s algorithmic stablecoin in 2022.

Fraud, Scams & Cybercrime

Former StanChart Manager Pleads Guilty in JPY 400m Investor Fraud

By Sanday Chongo Kabange | 12/08/2025

A former Standard Chartered relationship manager has pleaded guilty to a complex fraud involving the use of false documents to deceive investors.

Fraud, Scams & Cybercrime

Taiwan to Mandate Data Sharing Between Banks and Crypto Firms

By Editors | 08/08/2025

The FSC will amend laws to create a joint inquiry mechanism, allowing real-time monitoring of suspicious cash and cryptocurrency flows.

Anti-Money Laundering

ASIC Charges Four for Laundering Scam Proceeds via Crypto

By Manesh Samtani | 08/08/2025

ASIC alleges a former barrister and three others laundered proceeds from a sophisticated fake bond scam through offshore and crypto accounts.

Trading & Investment

India Panel Recommends Reforms to Launch GIFT City as Commodity Hub

By Manesh Samtani | 07/08/2025

Proposals include extended tax breaks, expanded bank trading powers, and streamlined regulations to onshore trading activity from overseas hubs.

Fraud, Scams & Cybercrime

India's Enforcement Directorate Cracks Down on Crypto Fraudsters

By Nithya Subramanian | 07/08/2025

India’s ED launched nationwide raids in two major crypto fraud cases — one tied to a phishing scam, the other to a global cyber racket using impersonation and crypto laundering.

Fraud, Scams & Cybercrime

Malaysia Anti-Scam Efforts Helping Boost Public Awareness: Survey

By Nithya Subramanian | 07/08/2025

A survey of customers found that 76% of respondents were satisfied with their banks' effectiveness in safeguarding them from scams.

Fraud, Scams & Cybercrime

ASIC Probing Collapse of Three Managed Investment Schemes

By Manesh Samtani | 06/08/2025

An investigation is underway into the failure of several managed investment schemes that has left over 12,000 Australians facing significant retirement losses.

Fraud, Scams & Cybercrime

South Korea Crypto CEO Gets Second Jail Term for Fraud

By Editors | 06/08/2025

The head of the collapsed Bitsonic exchange has been convicted of a new fraud scheme while already serving a seven-year sentence for a larger case of market manipulation.