Financial Crime

KYC & CDD

Korea Launches Mobile ID on Major Financial Services Apps

By Nithya Subramanian | 29/07/2025

Digital IDs can now be issued via popular platforms like KakaoBank, Toss and Naver, enhancing identity security for online use.

Fraud, Scams & Cybercrime

Hong Kong Bank Complaints Surge as Anti-Fraud Measures Increase Customer Friction

By Sanday Chongo Kabange | 29/07/2025

The HKMA has urged banks to improve customer communication as enhanced account monitoring drives a sharp rise in complaints.

Fraud, Scams & Cybercrime

FSS Korea Initiates Disciplinary Action Over Fraudulent IBK Loans

By Nithya Subramanian | 29/07/2025

The FSS has sent a formal inspection opinion to Industrial Bank of Korea, marking the start of enforcement action in a major loan fraud case involving internal staff collusion and falsified documents.

Fraud, Scams & Cybercrime

Malaysia to Expand, Enhance National Scam Response Centre

By Nithya Subramanian | 28/07/2025

The expansion will bring the SC and Domestic Trade Ministry into the NSRC, and create 139 new positions within the centre.

Market Abuse

Two Former Execs Arrested in Hong Kong for Manipulation, Corruption

By Sanday Chongo Kabange | 28/07/2025

A former executive director of an SFC-licensed brokerage firm is suspected of accepting advantages from a listed company's former chairman.

Fraud, Scams & Cybercrime

New Zealand Passes Law to Join Global Cybercrime Treaty

By Manesh Samtani | 28/07/2025

The legislation enables authorities to issue 'preservation directions' to companies and aligns New Zealand with the global Budapest Convention.

Market Abuse

Korea's New Stock Manipulation Task Force Launches This Week

By Mark Johnston | 28/07/2025

The multi-agency unit will start under an acting chief after its designated head retired, raising concerns about its initial effectiveness.

Fraud, Scams & Cybercrime

South Korea to Launch Singapore-style Anti-Scam Centre

By Manesh Samtani | 28/07/2025

New measures will see police, banks and telcos share data to pre-emptively freeze accounts of potential phishing victims amid soaring losses.

KYC & CDD

Dhaka Stock Exchange Urges Brokers to Tighten KYC Checks

By Nithya Subramanian | 28/07/2025

Brokerage firms are asked to urgently reverify KYC details of existing clients and tighten cheque-handling procedures, following a wave of forgeries involving fake BO accounts and tampered cheques.