Fraud, Scams & Cybercrime

Anti-Money Laundering

Banks Must Sharpen AI to Outmanoeuvre Money Mules: Experts

By Manesh Samtani | 02/06/2025

Financial crime experts discuss the challenges of identifying money mules, highlighting the need for dynamic AI and integrated strategies.

Fraud, Scams & Cybercrime

Cambodia Detains Japanese Nationals for Suspected Fraud Operations

By Nithya Subramanian | 02/06/2025

Japanese nationals have been taken into custody in Cambodia, with authorities preparing  their deportation once charges are confirmed.

Anti-Money Laundering

AUSTRAC Chief Vows Tough Enforcement as AML/CTF Net Widens

By Nathan Lynch | 02/06/2025

As Australia expands its AML/CTF regime, Brendan Thomas warns of strict action against businesses that ignore obligations and enable financial crime.

Conduct, Culture & Accountability

Australian Super Funds Face Scrutiny Over Member Services

By Editors | 01/06/2025

Super funds are under pressure to improve member services, particularly in handling death benefit claims. Governance failures are a key concern.

Fraud, Scams & Cybercrime

South Korea Intensifies Crackdown on Illegal Spam Texts

By Editors | 01/06/2025

The FSS, KISA and mobile carriers are ramping up efforts to combat spam texts, targeting illegal lending, threatening debt collection tactics and investment scams.

Anti-Money Laundering

ASIC Sues Former Blockchain Global Director Over ACX Exchange Collapse

By Editors | 01/06/2025

ASIC sues ex-Blockchain Global director over alleged mismanagement leading to ACX Exchange collapse and A$20mn in customer losses.

Fraud, Scams & Cybercrime

Japan Regulator Orders Iwaki Shinkumi Bank to Overhaul Governance

By Editors | 31/05/2025

Tohoku Local Finance Bureau demands accountability for fraudulent loans, embezzlement, and concealed reporting at Fukushima-based lender.

Fraud, Scams & Cybercrime

Vietnamese Woman Arrested in Thailand over Alleged Crypto Fraud

By Editors | 30/05/2025

Ngo Thi Theu faces charges for her involvement in a crypto investment fraud that employed call centres in Vietnam and Cambodia.

Fraud, Scams & Cybercrime

16 Brokerages Were Affected by Unauthorised Trades, JSDA Confirms

By Editors | 30/05/2025

The FSA’s last update said only 9 securities firms were affected, but the problem has since grown. JSDA is coordinating with the affected firms on compensation for customers.