Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

APAC Regulators to Collaborate on Online Investment Scams

By Sanday Chongo Kabange | 16/05/2025

The SFC said it has forged regional consensus on regulatory collaboration to combat online scams at IOSCO’s annual meeting.

Fraud, Scams & Cybercrime

Global Consumer-Driven Fraud Surges in 2024: Report

By Thisanka Siripala | 16/05/2025

First-party fraud accounted for 36 percent of all fraud in 2024, up sharply from 15 percent in 2023.

Cybersecurity

Australian Data Breaches Hit Record High in 2024

By Thisanka Siripala | 16/05/2025

There were 1,113 data breach notifications in 2024, a 25 percent increase from the incidents reported in 2023.

Fraud, Scams & Cybercrime

Japan FSA Issues Order to Suruga Bank Over Loan Misconduct

By Thisanka Siripala | 16/05/2025

The bank is under pressure to explain delays in resolving fraudulent real estate loans issued prior to 2018.

Fraud, Scams & Cybercrime

TAIFEX Ramps Up Ant-Fraud Efforts in the Futures Market

By Nithya Subramanian | 15/05/2025

During the first month, 14 specialised brokers submitted anti-fraud governance plans and nearly 40 fraud cases were reported.

PEPs & Sanctions

China Tightens Grip on Strategic Mineral Exports

By Mark Johnston | 15/05/2025

China has vowed to strengthen its control over the supply chains of strategic minerals, aiming to safeguard national security and prevent illegal outflows.

Trade Based Money Laundering

Trading in the Dark: TBML in the Spotlight  for AML Compliance Teams

By Nathan Lynch | 15/05/2025

Robust TBML controls can help to protect banks and against fraud, sanctions violations, and systemic risks, writes Nathan Lynch.

Fraud, Scams & Cybercrime

Chinese Businessman Arrested in Vietnam Over $165m Fraud

By Editors | 12/05/2025

The businessman was apprehended in Vietnam and handed over to Chinese authorities after having fled China in 2023.

Anti-Money Laundering

AUSTRAC Expands Data-Sharing Alliance to Combat Emerging Scams

By Manesh Samtani | 12/05/2025

AUSTRAC’s Fintel Alliance will expand to target money muling, micro-laundering, and other evolving financial crimes.