Financial Crime

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.

Fraud, Scams & Cybercrime

Australia Recorded Further Declines in Scam Losses in 2024

By Sanday Chongo Kabange | 12/03/2025

A new ministerial direction will strengthen the pathways for victims to seek compensation for scam losses.

Anti-Money Laundering

KoFIU Says FIs are Not Meeting Obligations on AML Education

By Thisanka Siripala | 11/03/2025

KoFIU said many executives and board members of FIs are not meeting the recommended six-hour minimum AML training requirement.

Supervision & Enforcement

Japanese Regulator Orders Credit Union to Overhaul Governance

By Thisanka Siripala | 11/03/2025

Japanese regulators uncovered a decade-long cover-up of misconduct, including misappropriated customer deposits and falsified loan transactions.

Market Abuse

Bangladesh’s Anti-Corruption Body Raids BSEC Over Alleged Irregularities

By Nithya Subramanian | 11/03/2025

The forced retirement of a BSEC executive director triggered employee protests last week, with staff holding top officials hostage and demanding leadership changes.

Fraud, Scams & Cybercrime

Australia Directs ACMA to Implement New Standard to Prevent SMS Scams

By Sanday Chongo Kabange | 11/03/2025

The new standard will require telcos to check whether SMS messages sent using a sender ID correspond with the legitimate registered sender.

Fraud, Scams & Cybercrime

FSS Korea Calls on FIs to Bolster Consumer Protection Measures

By Mark Johnston | 10/03/2025

The FSS urged financial firms to take a responsible attitude towards consumer rights, and conduct self-inspections on their consumer protection systems.