Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Korea’s FSS to Impose "Severe Penalties" on Payment Firms Linked to Fraud

By Nithya Subramanian | 24/07/2025

Criminal investigations are underway after the FSS uncovered illegal activities at several payment gateway firms, including laundering of phishing funds and fraudulent loans.

Fraud, Scams & Cybercrime

Hong Kong SFC Secures Compensation for Clients of Fraudulent Brokerage

By Sanday Chongo Kabange | 24/07/2025

The SFC says court-appointed administrators have distributed assets to clients of Hong Kong Wan Kiu Investment.

Sustainable Finance

Indonesia's OJK Releases Guidebook to Develop National Carbon Market

By Nithya Subramanian | 24/07/2025

The guidebook aims to educate the financial sector on carbon trading principles, mechanisms, and risks, including greenwashing and fraud.

Cybersecurity

Cyber Breaches at Top Indonesian Brokerages Prompt Industry Response

By Mark Johnston | 23/07/2025

Attackers exploited API vulnerabilities at two prominent securities firms in Indonesia. One of the firms reported losses totalling USD 12.3 million.

Credit Risk

Bangladesh May Inject BDT 300bn to Tackle Failing NBFIs, Islamic Banks

By Nithya Subramanian | 23/07/2025

As non-performing loans surge, Bangladesh Bank is planning to liquidate failing NBFIs and merge five troubled Islamic banks.

Anti-Money Laundering

Philippines Weighs Total Ban on Online Gambling vs Tighter Rules

By Mark Johnston | 23/07/2025

The Philippines is weighing a potential ban on online gambling, balancing significant government revenues and job creation against mounting social concerns.

Payments & Settlements

Vietnam Officially Recognises E-Wallets as Standalone Payment Method

By Nithya Subramanian | 23/07/2025

Effective 1 July, e-wallets have been officially recognised as a valid form of payment, on par with bank accounts, cards, and cash.

Fraud, Scams & Cybercrime

China Issues New Accounting Guidance to Curb Financial Fraud

By Editors | 19/07/2025

The CSRC has clarified eight complex accounting issues, including for convertible bonds and credit insurance, to improve disclosure quality.

Fraud, Scams & Cybercrime

Cambodia Arrests Over 1,000 in Crackdown on Scam Syndicates

By Nithya Subramanian | 19/07/2025

The arrests follow a directive from Prime Minister Hun Manet targeting foreign-run scam syndicates operating in Cambodia.