Fraud, Scams & Cybercrime

Anti-Money Laundering

HKMA Seeking “System Reset” to Enhance Response to Financial Crime

By Manesh Samtani | 02/04/2025

HKMA to work with banks on AI adoption action plans, develop a payment data analytics solution, and support greater information sharing.

Anti-Money Laundering

AUSTRAC Puts Crypto ATM Providers on Notice

By Sanday Chongo Kabange | 01/04/2025

AUSTRAC said it will take action against crypto ATM providers that don’t comply with Australia’s AML regime.

Fraud, Scams & Cybercrime

Financial Crime Fighters Set to Gather in Hong Kong

By Manesh Samtani | 28/03/2025

The HKMA and GCFFC are bringing together financial crime fighters from around the world amid an increasingly complex threat landscape.

Fraud, Scams & Cybercrime

BSP Directs FIs to Monitor for Election Fraud Red Flags

By Sanday Chongo Kabange | 27/03/2025

Red flags include a surge in account registrations in areas known for vote buying/selling and large cash transactions during the election period.

Supervision & Enforcement

ASIC Secures Court Victory in Unlawful Fees Case Against Payday Lender

By Thisanka Siripala | 26/03/2025

The court found that Sunshine Loans breached Australia’s credit laws by charging a fee to borrowers who sought to alter their loan repayment terms.

Fraud, Scams & Cybercrime

Malaysian Banking Sector Takes Effective Steps to Avert Scams: BNM

By Nithya Subramanian | 26/03/2025

The NFP has reduced the time taken to identify suspected fraud transactions by 75% and increased identification of mule accounts by 65%.

Fraud, Scams & Cybercrime

Crypto Scams Highlight ‘Digital Pivot’ in Money Laundering Tradecraft

By Nathan Lynch | 26/03/2025

The growth of cryptocurrency as a mainstream investment asset class has highlighted the need for new thinking in the fight against fraud and financial crime, writes Nathan Lynch.

Fraud, Scams & Cybercrime

Japan FSA Issues Revised Guidelines for Moneylenders

By Thisanka Siripala | 25/03/2025

The updated guidelines aim to improve system risk management, address fraudulent practices, and strengthen IT governance.

PEPs & Sanctions

Malaysia to Tighten Semiconductor Regulations Amid US Pressure

By Nithya Subramanian | 25/03/2025

The US has asked Malaysia to monitor every shipment containing Nvidia chips and ensure they are not diverted to China in violation of export controls.