All posts tagged "fraud"
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698AML / KYCUPDATED – ASIC, Federal Police Dismantle Online Fraud Syndicate
The syndicate is said to have used fraudulently-obtained identities to steal millions of dollars from the superannuation and share trading accounts of innocent victims.
September 18, 2019 -
410ChinaChina P2P Lenders Ordered to Share Data with Credit Bureaus
The move is part of a broader crackdown on irregular practices and risks in the P2P sector, and will provide greater protection to investors in online lending platforms.
September 6, 2019 -
711Fintech / RegtechIndia Government Panel Pushes for Fintech, Regtech Adoption
The panel has also proposed the development of a marketplace model for P2P lending, and the introduction of virtual banking in India.
September 4, 2019 -
1.1KAML / KYCFATF Releases Mutual Evaluation Report for Hong Kong
Hong Kong needs to enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.
September 4, 2019 -
441IndiaIndian Banks Taking Nearly Two Years to Detect Fraud: RBI
The RBI said in its annual report that banks take an average of 22 months to detect fraud, and up to 55 months for frauds involving large amounts.
September 2, 2019 -
238Australia & NZFormer NAB Branch Manager Pleads Guilty to Fraud
The former branch manager has already received a permanent ban from ASIC for making false and misleading statements to NAB in relation to 24 home loan applications.
August 22, 2019 -
231ChinaCSRC Fines Four Individuals for Spreading False News
The individuals, including a news editor, were fined for spreading ‘fabricated’ news that the CSRC blames for stock market declines in late January.
August 22, 2019 -
275Australia & NZUnauthorised New Zealand Adviser Faces Lengthy Jail Term
A New Zealand court has reportedly convicted an unauthorised financial adviser of 38 charges relating to a long-running fraud which funded a lavish lifestyle of private jets and jewellery.
August 20, 2019 -
550Capital Regulation
RBI Cuts Consumer Credit Risk Weight, Offers Boost to NBFCs
The RBI will increase bank exposure limits for NBFCs, allow on-lending to priority sectors, and enable near-real-time tracking of payments fraud through the creation of a centralised registry.
August 9, 2019 -
423Enforcement
RBI Issues Fines on Multiple Banks Totalling $2.9mn
The fines, involving 15 banks in total, were related to delays in reporting fraud and non-compliance with various other RBI norms.
August 6, 2019
