Fraud, Scams & Cybercrime

Structural Regulation

IOSCO Unveils Work Programme, Key Priorities for 2025

By Nithya Subramanian | 17/03/2025

IOSCO initiatives include measures to address risks in digital trading, curb online financial fraud finance, and continue research on AI.

Fraud, Scams & Cybercrime

Taiwan Enhances Private-Public Efforts to Tackle Fraud

By Nithya Subramanian | 14/03/2025

The FSC directed banks to work with law enforcement to establish a new electronic platform to enhance alert information sharing.

Trading & Investment

IOSCO Proposes Recommendations to Address “Neo-broker” Risks

By Manesh Samtani | 13/03/2025

The recommendations aim to protect retail investors by enhancing the transparency, fairness, and integrity of neo-brokers’ operations.

Fraud, Scams & Cybercrime

Korea Expands Crackdown on Financial & Cyber Crimes

By Thisanka Siripala | 13/03/2025

Special investigative teams, tougher penalties for deep fakes, and AI-driven fraud detection will be deployed to tackle cyber-enabled financial crime.

AI Risk & Governance

Unlocking ASEAN’s Potential: AI’s Role in Shaping the Region’s Banking Future

By Bradley Maclean | 13/03/2025

ASEAN has an opportunity to transform the region’s banking sector by leveraging AI. But a unified vision is essential to unlock the region’s full potential in AI-driven banking.

Fraud, Scams & Cybercrime

Shinhan Bank Faces KRW 1.7 Billion Embezzlement Scandal

By Mark Johnston | 12/03/2025

A Shinhan Bank employee’s two-and-a-half-year embezzlement scheme has exposed flaws in the bank’s internal controls.

Fraud, Scams & Cybercrime

Starlink Provides Internet Services to Myanmar Scam Compounds

By Nithya Subramanian | 12/03/2025

Scam compounds in Myanmar are reportedly using Starlink after Thai authorities cut internet access.

Fraud, Scams & Cybercrime

Australian Scam Losses Fall to A$2bn With Public-Private Partnership

By Nathan Lynch | 12/03/2025

Nathan Lynch discusses the NASC’s latest annual report and the insights it offers for bankers and AML/CFT professionals.

Anti-Money Laundering

Cambodian Central Bank Revokes Huione Pay’s Banking Licence

By Nithya Subramanian | 12/03/2025

Huione Pay is the banking arm of Huione Group, which allegedly facilitated $24bn in illicit transactions including through Telegram.