Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Singapore Court Orders Execs Involved in Nickel Fraud Case to Repay S$900m

By Nithya Subramanian | 30/07/2025

Two former directors were found liable for breach of duties in Singapore's largest Ponzi scheme, with one also found liable for fraudulent trading.

Fraud, Scams & Cybercrime

Chinese Authorities Issue New Rules to Fight Cybercrime "Accomplices"

By Manesh Samtani | 30/07/2025

New judicial guidelines aim to curb rampant online fraud by clarifying sentencing for accomplices, targeting organised gangs and offering leniency for students.

Fraud, Scams & Cybercrime

South Korea to Combat Voice Phishing Scams with AI Platform

By Nithya Subramanian | 29/07/2025

The FSC has unveiled plans for a new AI-powered infrastructure that will enable real-time sharing and analysis of scam-related data across financial institutions, telecom companies and investigative authorities.

Fraud, Scams & Cybercrime

Hong Kong Bank Complaints Surge as Anti-Fraud Measures Increase Customer Friction

By Sanday Chongo Kabange | 29/07/2025

The HKMA has urged banks to improve customer communication as enhanced account monitoring drives a sharp rise in complaints.

Fraud, Scams & Cybercrime

FSS Korea Initiates Disciplinary Action Over Fraudulent IBK Loans

By Nithya Subramanian | 29/07/2025

The FSS has sent a formal inspection opinion to Industrial Bank of Korea, marking the start of enforcement action in a major loan fraud case involving internal staff collusion and falsified documents.

Fraud, Scams & Cybercrime

Malaysia to Expand, Enhance National Scam Response Centre

By Nithya Subramanian | 28/07/2025

The expansion will bring the SC and Domestic Trade Ministry into the NSRC, and create 139 new positions within the centre.

Fraud, Scams & Cybercrime

New Zealand Passes Law to Join Global Cybercrime Treaty

By Manesh Samtani | 28/07/2025

The legislation enables authorities to issue 'preservation directions' to companies and aligns New Zealand with the global Budapest Convention.

Fraud, Scams & Cybercrime

South Korea to Launch Singapore-style Anti-Scam Centre

By Manesh Samtani | 28/07/2025

New measures will see police, banks and telcos share data to pre-emptively freeze accounts of potential phishing victims amid soaring losses.

KYC & CDD

Dhaka Stock Exchange Urges Brokers to Tighten KYC Checks

By Nithya Subramanian | 28/07/2025

Brokerage firms are asked to urgently reverify KYC details of existing clients and tighten cheque-handling procedures, following a wave of forgeries involving fake BO accounts and tampered cheques.