Fraud, Scams & Cybercrime

    Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.

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    KYC & CDD

    SBV Set to Tighten Corporate Account Rules to Combat Fraud

    By Nithya Subramanian | 05/06/2025

    Starting 1 July 2025, corporate bank accounts in Vietnam without biometric verification will be blocked from making digital transactions.

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    Anti-Money Laundering

    UNODC Flags Money Laundering Risks as Drug Crimes Surge in Asia

    By Thisanka Siripala | 05/06/2025

    Drug trafficking networks are increasingly turning to underground banking and digital platforms to launder drug proceeds.

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    Anti-Money Laundering

    Crypto ATMs in the Crosshairs, as Australia Targets Laundering, Scams and Terrorism

    By Nathan Lynch | 04/06/2025

    Nathan Lynch explores how Australian authorities are responding to the criminal threats associated with crypto ATMs, which proliferated during the pandemic.

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    Fraud, Scams & Cybercrime

    AUSTRAC Cracks Down on Crypto ATM Operators

    By Thisanka Siripala | 04/06/2025

    AUSTRAC has imposed an A$5,000 transaction limit on cash deposits and withdrawals and other measures.

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    Fraud, Scams & Cybercrime

    Scam Liability in Asia: A Spectrum of Policies, One Common Fight

    By Anurag Mohapatra | 04/06/2025

    Asia’s diverse anti-scam policies reflect local contexts, Anurag Mohapatra writes, highlighting the need for trust, coordination, and accountability.

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    KYC & CDD

    ACMA Fines Telco for Breaching ID Verification Rules

    By Sanday Chongo Kabange | 03/06/2025

    Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.

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    Fraud, Scams & Cybercrime

    BSP Approves Rules to Implement New Anti-Scam Law

    By Sanday Chongo Kabange | 03/06/2025

    BSP approved changes to rules on freezing of suspicious funds, account information sharing, and IT risk management.

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    Fraud, Scams & Cybercrime

    Korea Enhances Fraud Compensation Scheme for Bank Customers

    By Mark Johnston | 03/06/2025

    New rules to be implemented by Q3 2025 will speed up and increase payouts to bank customers hit by scams.

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    Fraud, Scams & Cybercrime

    KFB Partners With Telecom Firms to Combat Voice Phishing

    By Nithya Subramanian | 03/06/2025

    The cross-industry initiative to combat voice phishing leverages artificial intelligence and shared databases to boost early detection and response.

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    Fraud, Scams & Cybercrime

    Japan Investigates Source of Securities Account Hacks

    By Editors | 03/06/2025

    Japanese authorities launched investigations into securities account hacks that caused unauthorised transactions exceeding JPY 300 billion

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