Financial Crime

Fraud, Scams & Cybercrime

SFC Directs Brokers to Enhance Security Against SMS Phishing Scams

By Sanday Chongo Kabange | 09/06/2025

Hong Kong’s SFC has directed brokers to implement robust and up-to-date measures to safeguard against cyber fraud and SMS phishing scams.

Fraud, Scams & Cybercrime

Financial Sector Must Act to Curb Rise in Child Identity Theft

By Nithya Subramanian | 09/06/2025

A white paper from LSEG Risk Intelligence proposes several practical measures FIs can adopt immediately to protect children.

Anti-Bribery & Corruption

OJK Indonesia Working to Guard Against Corruption Risks

By Editors | 09/06/2025

Officials emphasise the implementation of anti-fraud regulations to guard against corruption. OJK itself was assessed as having low corruption risk.

Credit Risk

RBI Eases Gold Loan Guidelines for Small Borrowers

By Nithya Subramanian | 09/06/2025

The RBI has removed credit appraisal requirements for small borrowers. while the LTV ratio for loans up to INR 250,000 is 85%,

Trade Based Money Laundering

Banks Need Both Tech and Talent to Combat TBML: Experts

By Nathan Lynch | 09/06/2025

While banks are innovating to tackle TBML, the complexity of trade means they must continue to rely on human experience […]

Anti-Bribery & Corruption

Hong Kong ICAC Charges Former Bank RM Over Fake Credit Letters

By Editors | 09/06/2025

The former bank relationship manager allegedly accepted $470,000 worth of Tether as a bribe to authenticate fake standby L/Cs and collateral letters.

Fraud, Scams & Cybercrime

Taiwan Crypto Exchange BitoPro Suffers $11.5m Hack

By Editors | 08/06/2025

The FSC’s Securities and Futures Bureau said Bito Group, the operator of BitoPro, must absorb the financial loss and cannot pass it on to users.

PEPs & Sanctions

US Sanctions Iran Shadow Banking Network, Including HK Front Companies

By Manesh Samtani | 08/06/2025

OFAC has sanctioned a network laundering billions for Iran, targeting 10 individuals and 27 entities based in Iran, China, Hong Kong, and the UAE.

Fraud, Scams & Cybercrime

SC Malaysia Warns of Investment Scam Using Fake Licence Register

By Nithya Subramanian | 08/06/2025

Fraudsters are directing victims to a cloned version of the SC Malaysia’s public register, tricking them into believing fake entities are licensed and legitimate.