Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Australian Banking Alliance Uses Teamwork and Trust to Tackle Scams

By Nathan Lynch | 30/06/2025

Australia’s major banks have pioneered a financial crime-fighting alliance to slash scam losses using technology, teamwork and trust.

Fraud, Scams & Cybercrime

Cambodia ‘Deliberately Ignoring’ Slavery and Torture in Scam Compounds – Report

By Nithya Subramanian | 30/06/2025

An investigation by Amnesty International found that Cambodian police sometimes work with the bosses of scam compounds.

Credit Risk

Korea Tightens Moneylender Rules, Setting 60% ‘Anti-Social’ Rate Cap

By Editors | 30/06/2025

The FSC is introducing stricter capital rules for credit businesses and will void loans with rates above 60% under new consumer protection measures.

Liquidity Risk

HKMA Offers Favourable Liquidity Treatment for ‘Money Safe’ Deposits

By Manesh Samtani | 30/06/2025

HKMA will allow deposits locked in the new anti-scam feature to be treated as more stable for liquidity calculations.

Fraud, Scams & Cybercrime

Australian Banking Alliance Uses Teamwork and Trust to Tackle Scams

By Nathan Lynch | 30/06/2025

Australia’s major banks have pioneered a financial crime-fighting alliance to slash scam losses using technology, teamwork and trust.

Fraud, Scams & Cybercrime

Hong Kong Police Arrest Eight Involved in Share Sale Scams

By Editors | 28/06/2025

HK police have arrested eight individuals in connection with two phishing schemes targeting over 130 investors, resulting in HK$46 million in losses.

Anti-Money Laundering

Singapore’s Sheng Siong Tightens $TM Safeguards Over ML Concerns

By Nithya Subramanian | 27/06/2025

Four individuals have been arrested for allegedly exploiting the supermarket chain’s $TM system as part of a money laundering operation.

Fraud, Scams & Cybercrime

MAS to Consider Stronger Safeguards for Inter-bank Transfers

By Nithya Subramanian | 27/06/2025

Currently, with no built-in verification of recipient names, the onus is on the sender to ensure the accuracy of inter-bank transfers.

Anti-Money Laundering

FATF Calls on Jurisdictions to Bolster Efforts on Crypto Supervision

By Manesh Samtani | 27/06/2025

FATF issued its latest progress report on the implementation of AML/CFT measures for virtual assets and a best practice paper for Travel Rule implementation.