Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Australian Court Dismisses Appeal By Unlicensed Lenders

By Sanday Chongo Kabange | 11/07/2025

Cigno Australia and BSF Solutions were found to have charged over AUD 70 million in fees on AUD 34 million in loans through an unlawful model in a case brought by ASIC.

Fraud, Scams & Cybercrime

MAS Bans Former Great Eastern Adviser for Forgery and Misconduct

By Nithya Subramanian | 11/07/2025

Jonathan Toh has been banned for five years by MAS after forging a client’s signature and misleading them about transferring an insurance policy.

Fraud, Scams & Cybercrime

New Zealand Authorities Launch New Anti-Scam Alliance

By Sanday Chongo Kabange | 11/07/2025

The initiative establishes a formal structure for government agencies, banks, telcos, digital platforms, and consumer groups to share data about scams and shut them down in real-time.

Fraud, Scams & Cybercrime

BSEC Extends Deadline for Brokerages to Install Tamper-Proof Software

By Nithya Subramanian | 10/07/2025

Brokerages will have to complete implementation by 31 August, as BSEC makes it clear that there will be no further extension.

Fraud, Scams & Cybercrime

Hong Kong Launches 3rd Iteration of Anti-Scam Consumer Protection Charter

By Sanday Chongo Kabange | 10/07/2025

The “Charter 3.0” establishes a collaborative framework for combatting financial frauds and scams that also includes tech firms and telecos.

Fraud, Scams & Cybercrime

Philippines Moving to Quickly Rein In Online Gambling

By Nithya Subramanian | 10/07/2025

President Ferdinand Marcos Jr. has signaled support for tougher regulation and possible taxation of online gambling as lawmakers push for bans and stricter controls on e-wallets.

Fraud, Scams & Cybercrime

Japan FSA Publishes H1 Data on Online Brokerage Fraud

By Editors | 09/07/2025

Data from the FSA reveals that the unauthorised stock sales peaked in May, but the trend reversed sharply in June following widespread warnings.

Anti-Money Laundering

Nehal Modi Arrested in US, Faces Extradition to India over $1.5B PNB Scam

By Nithya Subramanian | 09/07/2025

Nehal Modi is accused of laundering money, destroying evidence, and intimidating witnesses in connection with one of India’s biggest banking frauds.

PEPs & Sanctions

OFAC Announces Sanctions Over DPRK Illicit IT Worker Scheme

By Editors | 09/07/2025

The action targets individuals and firms involved in a revenue-generating scheme funding North Korea's weapons programmes, OFAC said.