Financial Crime

Fraud, Scams & Cybercrime

FSS Korea Announces 2026 Work Plan to Combat Financial Crime

By Manesh Samtani | 10/03/2026

FSS details its plan to combat fraud, including potential no-fault liability for financial institutions and enhanced AML supervision.

Anti-Money Laundering

Global Drug Network Dismantled After Swedish Phone Seizure

By Manesh Samtani | 09/03/2026

An international operation targeting drug trafficking and money laundering has led to 15 arrests, including individuals in Australia and Thailand.

Fraud, Scams & Cybercrime

Korea's Only Listed Savings Bank Faces Delisting Review After Embezzlement Scandal

By Sanday Chongo Kabange | 09/03/2026

Trading in Pureun Savings Bank was halted after a former executive allegedly embezzled KRW 9.9 billion, prompting a regulatory probe and raising internal control concerns.

Market Abuse

India’s IFSCA Proposes Market Abuse Regulations for GIFT City Firms

By Nithya Subramanian | 09/03/2026

The IFSCA has proposed new regulations to prohibit insider trading, market manipulation and other abusive practices in IFSC securities markets.

Fraud, Scams & Cybercrime

SEBI Launches Voluntary Debit Freeze Facility for Mutual Fund Investors

By Nithya Subramanian | 09/03/2026

SEBI introduces a voluntary debit freeze for MF folios, allowing investors to block unauthorised withdrawals, enhance security, and maintain control over inflows and long-term holdings.

PEPs & Sanctions

US Grants India 30-Day Waiver to Import Sanctioned Russian Oil

By Nithya Subramanian | 09/03/2026

US Treasury allowing Indian refiners to buy stranded Russian crude for 30 days to ease supply disruptions from Middle East tensions and stabilise global oil prices.

Fraud, Scams & Cybercrime

Australia NASC Reports on Success of 'Romance Scam Fusion Cell'

By Sanday Chongo Kabange | 09/03/2026

Report details new frameworks trialled by banks and digital currency exchanges to identify and block funds destined for romance scammers.

Fraud, Scams & Cybercrime

RBI Consults on Compensation Framework for Digital Payment Fraud

By Nithya Subramanian | 09/03/2026

RBI proposes draft guidelines for digital fraud compensation, offering one-time reimbursement up to INR 25,000, shared bank liability, and requiring customers to report fraud within five days.

Fraud, Scams & Cybercrime

Global Police Operation Shuts Down LeakBase Financial Data Market

By Editors | 09/03/2026

A 14-nation effort dismantled a major online marketplace for stolen data, with Malaysian authorities seizing key servers as part of the coordinated takedown.