The FSS produced the guidance by analysing three years of cases where fraud and embezzlement were detected by external auditors.
January 9, 2023IOSCO's new report offers recommendations to address risks from online marketing and distribution of financial products targeting retail investors.
October 13, 2022Dubbed 'Scameter', the search engine allows members of the public to check information such as bank account numbers and email addresses for previous links to scams.
October 7, 2022Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.
June 16, 2022The FSS will seek to understand why Woori's internal control system failed to detect embezzlement by its employee over ten years.
May 30, 2022Financial institutions have an important role to play in helping authorities profile migrant smugglers’ financial behaviour, the FATF says in a new report.
March 23, 2022The FSC says standardising the breach reporting time at 72 hours will improve the efficiency of managing fraud and data theft.
October 13, 2021The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.
October 12, 2021The bill requires banks and non-bank FIs to "exhaust all means to ensure that victims are able to recover their monetary loss, if any".
September 17, 2021C4ADS says fraudulent ship registrations created with the IMO are being used to 'launder' the identity of vessels associated with illicit activities.
September 16, 2021